The figure displays various economic outcomes. LRAS P₂ AD₁ SRAS, SRAS, SRAS, AD₁ AD₂ If the aggregate demand curve shifts from AD1 to AD2, the resulting price and output in the short run will be

Explain with the aid of a diagram, the short run equilibrium position of a firm operating in the monopolistic competitive market structure.

AD AD AD, Real GDP Refer to the above diagram. An expansionary fiscal policy can best be represented by a: Multiple Choice shift in the aggregate demand curve from AD2 to AD1. shift in the aggregate demand curve from AD3 to AD2. Prex Price Level

What is the relationship between the price level and the following components of aggregate demand? a. There is (a negative/ no / a positive) relationship between the price level and consumption. b. There is (a negative/no/ a positive) relationship between the price level and investment. c. There is (a negative/no/ a positive) relationship between the price level and government spending. d. There is (a negative/no/ a positive) relationship between the price level and net exports.

Name some factors that could cause AD to shift, and say weather they would shift AD to the right or to the left.

Which of the following is likely to occur if an increase in legal immigrants significantly reduces the wages of workers, ceteris paribus? A. Aggregate supply will decrease (shift left). B. Aggregate supply will increase (shift right). C. Aggregate demand will increase (shift right). D. Aggregate demand will decrease (shift left).

Which of the following statement is true? A) Economic fluctuations are irregular and unpredictible B) Most macroeconomic quantities fluctuate together C) As output falls, unemployment rises D) All of the above

Answer both questions that need to be answered and the second question has a graph that’s needs to be answered as well.

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Using the aggregate supply–aggregate demand model, explain how output and prices are determined. Will output vary or stay fixed in the long run? Suppose the aggregate demand curve were to remain fixed: What can we infer about the behavior of prices over time?