j) An increase in current account surplus will cause... ii. i. Aggregate demand curve to shift to the right. Aggregate demand curve to shift to the left. Aggregate supply curve to shift to the right. Aggregate demand curve to shift to the left. iii. iv. Labor of supply curve to shift to the right M

Suppose that the position of a nation's long-run aggregate supply (LRAS) curve has not changed, but its long-run equilibrium price level has decreased. FACTOR a. Afall in the value of the domestic currency relative to other world currencies b. A decrease in the quantity of money in circulation c. An increase in the labor force participation rate d. An increase in taxes e. Afall in real incomes of countries that are key trading partners of this nation f. Increased long-run economic growth Of the factors given above, which could account for the price level decrease with constant LRAS? O A. Factors c and f. O B. Factors b, c, d, and f. O C. Factors b. d. and e. O D. Factors a, c, and f.

What is the most likely impact to the US economy of Europe entering a recession? Question 11Answer a. There is a positive shock to US aggregate demand. b. There is a negative shock to US aggregate demand. c. The quantity of real GDP demanded in the United States increases. d. The quantity of real GDP demanded in the United States decreases.

K In 2007 and 2008, Canada was affected by the global financial crisis that had begun with the U.S. housing collapse. By 2009, the Canadian economy had entered a recession, largely due to a reduction in investment and a The policy objective for the Bank of Canada and the government at this time was to OOOOO A. fall in housing starts; shift the AD curve to the left to close the recessionary output gap B. fall in net exports, shift the AS curve to close the inflationary output gap C. fall in consumption; shift the AD curve to the left to close the recessionary output gap D. fall in consumption; shift the AD curve to the right to close the inflationary output gap E. fall in net exports, shift the AD curve to the right to close the recessionary output gap

I wanted to know if these were correct

If countries that imported from the United States went into recession, we expect that U.S. net exports would _________ rise, making the aggregate demand shift right. rise, making aggregate supply shift left. fall, making aggregate supply shift right. fall, making aggregate demand shift left.

Which of the following would shift long-run aggregate supply to the right? a. increased immigration from abroad Ob. a decrease in the price of an imported natural resource C. opening the economy to international trade Od. All of the above are correct.

What is the effect of a rise in the U.S. price level when the prices in other countries do not change?     A. U.S. aggregate demand increases because U.S. exports increase and U.S. imports decrease.   B. The quantity of U.S. real GDP demanded decreases because U.S. exports decrease and U.S. imports increase.   C. U.S. aggregate demand decreases because U.S. exports decrease and U.S. imports increase.   D. The quantity of U.S. real GDP demanded increases because U.S. exports increase and U.S. imports decrease.

The table below shows the aggregate equilibrium for the country of Nickeltown. Aggregate Data Year Nickeltown Potential Aggregate Output Current Aggregate Output Price Level 2002 2003 in billions 400 300 In 2002, Nickeltown experienced a ORecessionary gap OInflationary gap in billions 300 90 200 95 OPotential equilibrium What would be an appropriate action for the government of Nickeltown to take? ORaise taxes OIncrease government spending ONothing

5. An economy is initially in equilibrium, both in the short-run and in the long-run. Using the AD, SRAS, and LRAS curves, show and explain what would happen to the equilibrium aggregate price and output in both the short-run and the long-run if the following scenario occurs. a. Oil production increases significantly as OPEC and non-OPEC countries have agreed to raise their production quota, and the government anticipates the situation by implementing a contractionary fiscal policy. b. COVID 19 pandemic has forced the government to initiate a total lock down.