ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
A sudden crash in the stock market shifts
a. the aggregate-demand curve.
b. the short-run aggregate-supply curve, but not the long-run aggregate-supply curve
.
c. the long-run aggregate-supply curve, but not the short-run aggregate-supply curve.
d. both the short-run and the long-run aggregate-supply curves.
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- The aggregate demand curve shows how real GDP purchased varies with changes in A. Unemployment B. Output C. The price level D. The interest ratearrow_forwardIncreases in the quality of inputs that do not affect the quantity of those inputs, increase A. short - run aggregate supply but not long - run aggregate supply. B. aggregate quantity supplied. C. long - run aggregate supply but not short - run aggregate supply D. both long - run aggregate supply and aggregate quantity supplied. E. both long - run aggregate supply and short - run aggregate supply.arrow_forwardThe quantity of aggregate output demanded will fall if Select one: a. net taxes are reduced. b. the price level increases. c. government spending increases. d. Aggregate supply increases.arrow_forward
- A change in which of the following would shift theshort-run aggregate-supply curve but not the longrun aggregate-supply curve?a. the labor forceb. the capital stockc. the state of technologyd. the expected price levelarrow_forward4.1 Why does the short-run aggregate supply curve slope upward? 4.2 Explain why the long-run aggregate supply curve is vertical. Then, (verbally and graphically) explain how each of the following events would affect the long-run aggregate supply curve. a. A lower price levels b. A decrease in the labor force c. A decrease in the quantity of capital goods d. Technological changearrow_forwardIf the price level rises, what happens to aggregate supply? Aggregate supply _______. A. doesn't change, but the quantity of real GDP supplied increases B. decreases C. increases D. doesn't change, but the quantity of real GDP supplied decreasesarrow_forward
- 13. The level of aggregate supply, in the long run, is not affected by A) changes in technology. B) changes in the capital stock. C) changes in the price level. D) changes in the number of workers. 14. The long-run aggregate supply curve will shift to the right if : A) the economy experiences technological change. B) there is a decrease in population. C) the economy experiences high levels of inflation. D) net exports decrease.arrow_forwardAggregate Demand will increase if: A. Imports fall. B. Investment falls. C. Consumption falls. D. Exports fall.arrow_forwardTyped plz and Asap Thanksarrow_forward
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