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Coco

Questions (1,046)

If prices are fully flexible, there will be no short-run fluctuations, which means output will Blank______ and unemployment will
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Flexible prices are prices that Blank______.Multiple choice question. in the short-run, are favorable for low-cost production of
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True or false: Flexible prices help to explain how unexpected changes in demand lead to the fluctuations in GDP and employment
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Suppose the demand for cars rises and prices are flexible. What will firms that produce cars experience?Multiple choice
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Why do business cycle fluctuations typically arise?Multiple choice question. Actual supply ends up being lower or higher than
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Prices that do not adjust rapidly to maintain equality between quantity supplied and quantity demanded are known as Blank______.
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In the short run, as a result of inflexible prices, economies are forced to respond to demand shocks primarily through changes
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Suppose that the demand for hot dogs decreases and prices are flexible. What will firms that produce hot dogs experience?Multipl
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Most short-run fluctuations are the result of what type of shocks?Multiple choice question. Business Demand Supply
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As a result of shocks and things not going to plan there are Blank______.Multiple choice question. rapid fluctuations in prices
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In the short-run, the of many goods and services are sticky or inflexible and unable to rapidly change.
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If aggregate demand decreases, and, as a result, real output and employment decline but the price level remains unchanged, it is
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Other things equal, appreciation of the dollarMultiple Choice increases aggregate demand in the United States and may increase
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What was remarkable about the inflation that occurred in 2021 during and after the COVID pandemic? The inflationMultiple Choice
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Prices and wages tend to beMultiple Choice flexible both upward and downward. inflexible both upward and downward. flexible
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In which of the following sets of circumstances can we confidently expect inflation?Multiple Choice Aggregate supply and
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An increase in input productivity willMultiple Choice shift the aggregate supply curve leftward. reduce the equilibrium price
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Given a fixed upsloping AS curve, a rightward shift of the AD curve willMultiple Choice cause cost-push inflation. increase real
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Graphically, cost-push inflation is shown as aMultiple Choice leftward shift of the AD curve. rightward shift of the AS curve.
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A rightward shift in the aggregate supply curve is best explained by an increase inMultiple Choice business taxes. productivity.
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The short-run aggregate supply curve represents circumstances whereMultiple Choice both input and output prices are fixed. both
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The reason the long-run aggregate supply curve is vertical isMultiple Choice when both input prices and output prices are
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The long-run lastsMultiple Choice until the next short-run begins. for two years in most industries. for exactly two weeks. as
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An input whose price is often fixed in both the immediate-short-run and short-run isMultiple Choice labor, due to labor
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The aggregate supply curveMultiple Choice is explained by the interest-rate, real-balances, and foreign purchases effects. gets
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The immediate-short-run aggregate supply curve represents circumstances whereMultiple Choice both input and output prices are
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Which of the following would most likely reduce aggregate demand (shift the AD curve to the left)?Multiple Choice a reduced
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An economy's aggregate demand curve shifts leftward or rightward by more than changes in initial spending because of theMultiple
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If investment increases by $10 billion and the economy's MPC is 0.8, the aggregate demand curve will shiftMultiple Choice
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Other things equal, a decrease in the real interest rate willMultiple Choice expand investment and shift the AD curve to the
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Which one of the following would not shift the aggregate demand curve?Multiple Choice a change in the price level depreciation
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Other things equal, if the national incomes of the major trading partners of the United States were to rise, the U.S.Multiple
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Possible opportunities for firms can include all of the following except which?Multiple choice question. International expansion
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Performing a SWOT analysis, setting market and product goals, and developing a marketing program are all steps in the
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Select the three steps that make up the planning phase of the strategic marketing process.Multiple select question. evaluation
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Assuming constant price levels, an initial drop in aggregate demand (AD) results in Blank______ being at full strength.Multiple
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Between 1996 and 2000, the U.S. economy achieved high GDP levels without inflation. Which factor below explains this?Multiple
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Select all the following that were characteristic of economic conditions in the United States during the 1990s.Multiple select
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Without a fall in the price level, any initial decrease in aggregate demand results in the multiplier being at Blank______.Multi
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A decline in aggregate supply, assuming constant aggregate demand, will result in Blank______ in the quantity demanded for real
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The shift of the aggregate supply curve to the left because of adverse supply shocks typically results in which of the
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What allowed the U.S. economy to expand in the 1990s without experiencing the high inflation associated with other expansions?Mu
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A leftward shift in the aggregate curve leads to cost-push inflation.
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What happened to the U.S. economy in the 1990s?Multiple select question. GDP grew by 4% annually. Unemployment fell to 4%.
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What situation is most closely associated with cost-push inflation?Multiple choice question. Increase in aggregate demand
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Assuming constant price levels, an initial drop in aggregate demand (AD) results in Blank______ being at full strength.Multiple
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A decline in aggregate supply, assuming constant aggregate demand, will result in Blank______ in the price level.Multiple choice
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A decrease in aggregate demand with constant aggregate supply results in Blank______.Multiple choice question. seasonal
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An adverse supply shock will shift the aggregate supply curve to the left and result in Blank______.Multiple choice question.
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A decline in the price level is called .
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A decrease in aggregate supply, assuming constant aggregate demand, will result in Blank______ inflationMultiple choice
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Cyclical unemployment and recession often arise from in aggregate demand.
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An economy in a recession that experiences disruptions in markets for goods used in the production of consumer goods will
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For any initial increase in aggregate demand, the resulting multiplier effect will become Blank______ as the Blank______ in
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Without a fall in the price level, any initial decrease in aggregate demand results in the multiplier being at Blank______.Multi
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Demand-pull inflation, assuming constant aggregate supply, results in Blank______ in the price level.Multiple choice question. a
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A decrease in aggregate demand with constant aggregate supply can result in Blank______.Multiple choice question. full
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Suppose an economy is operating at its full-employment output. An increase in aggregate demand with constant aggregate supply
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Deflation occurs when there is Blank______.Multiple choice question. a recession a decline in wages a decrease in unemployment a
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In terms of aggregate supply and aggregate demand, the equilibrium price level is Blank______.Multiple choice question. at any
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What is one result of a decrease in aggregate demand?Multiple choice question. Recession Potential output is less than actual
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The intersection of the aggregate demand and aggregate supply curves determines Blank______.Multiple choice question. the
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For any increase in aggregate demand, the resulting increase in real output will become smaller as the increase in Blank______
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Regulations imposed on firms by the government Blank______.Multiple choice question. decrease per-unit production costs and
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-pull inflation, assuming constant aggregate supply, results in Blank______ in the quantity demanded for real GDP.Multiple
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Select all of the following choices which are reasons that supply-side proponents are in favor of deregulation.Multiple select
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An increase in aggregate demand, assuming constant aggregate supply, will result in Blank______ inflation.Multiple choice
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A business subsidy will Blank______ production costs and Blank______ short run aggregate supply.Multiple choice question.
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If currently the real GDP is less than equilibrium GDP, what are the adjustments that the economy will go through to achieve
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Which of the following will shift the aggregate supply (AS) curve for the domestic economy to the left?Multiple choice question.
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The equilibrium price level and equilibrium output is determined by the Blank______.Multiple choice question. point at which
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An increase in productivity is related to Blank______.Multiple choice question. a decline in efficiency a shift of the aggregate
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Supply-side" economists argue that increased government regulations on firms will Blank______.Multiple choice question. decrease
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Which of the following will increase per-unit costs and reduce short-run aggregate supply?Multiple choice question. Lower
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Deregulation that results in accounting manipulations, monopolization, and business failures is likely to Blank______.Multiple
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True or false: Changes in taxes, subsidies, and the extent of regulations may alter per-unit production costs and shift the
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If the government subsidizes the development of alternative energy it will Blank______.Multiple choice question. have no effect
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Which of the following are sources of productivity?Multiple select question. Increased government taxes Improved forms of
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Which of the following choices describe the likely effects of a depreciation of the U.S. dollar on production costs and
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An increase in productivity Blank______.Multiple choice question. enables more output only if more resources are added enables
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A higher business tax will Blank______ per-unit costs and Blank______ short-run aggregate supply.Multiple choice question.
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Which of the following would be effects on the price of machinery when the cost of machinery components increases?Multiple
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The two changes of the legal-institutional environment that will shift the aggregate supply curve are Blank______.Multiple
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A wage decrease will per-unit production costs and shift the aggregate supply (AS) curve to the .
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Productivity is the measure of the relationship between a nation's level of Blank______.Multiple choice question. real output
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Which of the following will shift the aggregate supply (AS) curve for the domestic economy to the left?Multiple choice question.
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An increase in productivity is related to Blank______.Multiple choice question. a decline in efficiency a flattening of the
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A decrease in the price of an imported resource Blank______ U.S. aggregate supply, while an increase in the price of an imported
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Multiple Select QuestionSelect all that apply Which of the following statements best illustrate a decrease in domestic resource
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Multiple Choice QuestionA wage decrease shifts the Blank______. Multiple choice question. aggregate demand curve to the left
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Fill in the Blank QuestionFill in the blank question. is the measure of the relationship between a nation's level of real output
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Multiple Select QuestionSelect all that apply Which of the following choices describe the likely effects of a depreciation of
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Multiple Choice QuestionA wage increase will Blank______ per-unit production costs and shift the aggregate supply curve to the
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Multiple Choice QuestionWhat will be the result if the largest foreign providers of steel increase the prices they charge U.S.
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Multiple Choice QuestionAn input price is a(n)Blank______ price while an output price makes up the price level. Multiple choice
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Multiple Select QuestionSelect all that apply Which of the following would be effects on the price of machinery when the cost of
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Fill in the Blank QuestionFill in the blank question. The determinants of aggregate supply raise or lower per-unit costs at each
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Multiple Choice QuestionThe determinants of aggregate supply are variables that Blank______. Multiple choice question. cause the
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What is a major factor in per-unit production costs and therefore a key determinant of aggregate supply?Multiple choice
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Multiple Select QuestionSelect all that apply Which of the following are considered to be determinants of aggregate supply if
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