If some non-price level determinant causes total spending to decrease, what will the effect on aggregate demand be? a movement upward along the curve O a movement downward along the curve a shift to the left O a shift to the right
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- Which of the following will NOT shift the ADTT curve? O a. A rise in consumer confidence O b. A rise in interest rates O c. A rise in government spending O d. A rise in exportsWhat are the factors other than price that can shift aggregate demand curve interms of investment and consumption? Also explain graphically.Which of the following will NOT shift the ADT curve? O a. A rise in government spending O b. A rise in exports Ос. A rise in interest rates O d. A rise in consumer confidence
- What is your prediction for the economy when you observe that inventories are taking an unplanned dive? You predict that there will be OA. an expansion O B. a trough O C. a business cycle O D. a recessionMatch each definition to the appropriate component of aggregate demand. Definition The sum of the expenditures of business firms on new plant, equipment, and software and of households on new homes The goods and services purchased by all levels of government The total amount spent by consumers on newly produced goods and services The difference between exports and imports ⒸNet exports O Government spending Consumer Expenditure Which of the following components represents the largest piece of aggregate demand? O Consumer expenditure O Investment spending O Which of the following components represents the smallest piece of aggregate demand? O Consumer expenditure O Government spending O Investment spending ONet exports Investment Spending Government Spending Net Exports O O O OQuestion 55 In the figure given below, we observe Price Level LRAS SRAS E1 P1 AD Real GDP Y1 Yp O a) a deflationary gap O b) a stagflation gap Od an inflationary gap O d) a recessionary gap
- Assume an economy operates in the intermediaterange of its aggregate supply curve. State thedirection of shift for the aggregate demandor aggregate supply curve for each of thefollowing changes in conditions. What is theeffect on the price level? On real GDP? Onemployment?a. The price of crude oil rises significantly.b. Spending on national defense doubles.c. The costs of imported goods increase.d. An improvement in technology raises laborproductivity.Which of the following is not a reason for the downward slope of the aggregate demand curve? As the price level decreases, the quantity demanded of real GDP increases. O As the price level decreases, American products are more attractive than imports, so their aggregate quantity increases. O As the price level decreases, the purchasing power of dollar decreases, so aggregate demand increases. O As the price level decreases, interest rates decrease, so consumption increases.Which of these is a negative effect of increasing price levels? a. Increases the real value of money O b. Encourages higher consumption O c. Shifts aggregate demand outward O d. moves aggregate demand downward
- Suppose the federal minimum wage decreases in the United States. What effect does this have on the consumption function in the United States? O Movement up and to the right alon Upward shift Movement down and to the left along Downward shiftExplain the influence of the following events on the quantity of real GDP supplied and aggregate supply in India. When fuel prices rise When the price level in India increases A. short-run aggregate supply decreases; the quantity of real GDP supplied increases O B. long-run aggregate supply decreases; short-run aggregate supply increases OC. long-run aggregate supply increases; the quantity of real GDP supplied increases OD. short-run aggregate supply increases; the quantity of real GDP supplied decreases The graph gives the long-run aggregate supply curve and the short-run aggregate supply curve for India. Suppose Canadian firms move their call handling, IT, and data functions to India. The full-employment price level does not change. If long-run aggregate supply changes, draw the new long-run aggregate supply curve and label it. If short-run aggregate supply changes, draw the new short-run aggregate supply curve and label it. Draw a point at the full-employment price level at…e 4 of 5) - Chromium https://elear IING SYSTEM (ACADEMIC) ples of Macroeconomics|| Spring21 Which of the following would shift the aggregate demand curve to the left? Select one: O a. an increase in exports O b. an increase in the money supply O C. an increase in government spending d. an increase in taxes e here to search hp