Consider the exhibit below for the following questions. Figure 33-4 O Refer to Figure 33-4. If the economy starts at A and moves to D in the short run, the economy moves to A in the long run. moves to B in the long run. moves to C in the long run. stays at D in the long run.

Use the information in the following table. to answer the question Consider a simple economy that produces only three products: haircuts, burgers, and DVDs. \table[[Product, Base year 2014, 2015], [ Quantity, Price, Quantity, Price], [Haircuts, 2, $10, 3, $11 Use the information in the following table. to answer the question Consider a simple economy that produces only three products: haircuts, burgers, and DVDs. Base year 2014 Product C 35% D. 10% Haircuts Burgers DVDs The growth rate for 2015 is OA. Some information is missing B. 53.8% Quantity 2 10 6 Price $10 $2 $15 Quantity 3 10 10 2015 Price $11 $2.45 $15

D an increase in the equilibrium price level and real GDP

Suppose that the economy is depicted in the graph to the right. 160- a. The current equilibrium price level and output level respectively are: and S trillion. (Enter your response as a whole number.) SRAS 150- LRAS 140- 130- 120- O 110- 100- 소 90- 80- 70- AD 60- 50- 40- 10' 12' 14 16 18 20 Real GDP ($ trillions) Price level

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O Question 4 In the long-run, an increase in the labour force leads to A a decrease in the equilibrium price level and real GDP B a decrease in the equilibrium price level and an increase in real GDP. с an increase in the equilibrium price level and real GDP D an increase in the equilibrium price level and a decrease in real GDP Question E O E C Di P 3

Incorrect Question 6 What word does Keynes use to describe the difference between everything an economy produces and everything it consumes? O savings O employment inflation

When aggregate production is less than aggregate expenditures, the economy is in equilibrium. O there are decreases in inventory. O total output will decrease.