What is the as - ad model?

a supply and demand model for the entire economy

What does the aggregate supply curve show?

the supply of goods and services in an economy

Where is the equilibrium price?

there the as curve crosses the ad curve

What is aggregate supply?

real domestic out put of producers based on price

What is aggregat supply curve?

graped line showin the relationship between ad & as

What is the defination for aggregat demand?

the total quantity of all goods/services in the economy

What is the definition of aggregates?

The summing up of all the individual parts in the economy.

What does the aggregat supply curve show?

total supply of goods and services in the economy

Why do we use graphs for ad & as?

to show the relationship between as &ad

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Aggregate supply & putting AD & AS together

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Questions 15

Answers

1
What is the as - ad model?
a model of the interest rate
a supply and demand model for the entire economy
a labor market representation
a model of savings and consumption
2
When the price of one product goes up do the others go up or stay the same?
goes up
stay the same
3
What does the aggregate supply curve show?
the supply of goods and services in an economy
the supply of goods in an economy
the tottal demand for a good
the total supply of goods and services
4
What hapens if the price level goes up but wages do not?
over all profit will explode
over all profits will shrink
over all profits will stay the same
over all profits will rise
5
Where does the aggregate supply curve shift?
right
down
up
left
6
Where is the equilibrium price?
where econ crosses accounting
where gdp crosses ad
there the as curve crosses the ad curve
100000000000000000000000000000000000000000000000000000000000
7
What is aggregate supply?
a graphed line
real domestic input of producers based on price
real domestic out put of producers based on price 
the supply of aggregates
8
What causes agragate supply curve to slope upward?
demand increases
Chandler increases
supple and demand increase
supply increases
9
What is aggregat supply curve?
graped line showin the relationship between ad & as
graphed line showing relationship of cash and supply
the relationship between aggregat demand and cash
the curve of aggregates
10
What is the defination for aggregat demand?
the process of finding the equilibrium price
the differance between demand and supply
the simalarity between demand and supply
the total quantity of all goods/services in the economy
11
Which way does the agrgate demand curve shift?
to the right 
to the left
horizontal
vertical
12
What is the definition of aggregates?
The positive relationship
The similarity between the two
The summing up of all the individual parts in the economy.
Graph showing the quantity demanded
13
Does the aggregate supply curve shift independently?
yes
no
14
What does the aggregat supply curve show?
the supply of goods in the economy
the total demand for goods and services in an economy
shuuly of services int he ceonomy
total supply of goods and services in the economy
15
Why do we use graphs for ad & as?
to show tyhe relationship money and cash
to show the relationship between cash and money
to show the relationship between as &ad
to show the relationshi p between income and expensises

Aggregate supply & putting AD & AS together Flashcards | StudBud