Which of the following would shift the long-run aggregate supply curve right?

An increase in the capital stock, but not an increase in the price level

Other things the same, if technology increases, then in the long run.

output is higher and prices are lower.

studbud

MAC Module 16

11 termsStudBud Administration90 plays

Imported from external platform

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
Which of the following would shift the long-run aggregate supply curve right?
Neither an increase in money supply nor an increase in the capital stock
An increase in the capital stock, but not an increase in the price level
An increase in the money supply, but not an increase in the capital stock
Both an increase in the capital stock and an increase in the price level
2
Which of the following would cause recession?
Aggregate demand shifts right.
Aggregate supply shifts right.
Aggregate demand shifts left.
Aggregate supply shifts left.
3
Which of the following would cause stagflation?
Aggregate demand shifts right
Aggregate supply shifts left.
Aggregate supply shifts right.
Aggregate demand shifts left.
4
A decrease in the money supply will shift the long-run aggregate-supply curve to the left.
True
False
5
Stagflation results from continued decreases in aggregate demand.
True
False
6
In the short-run an increase in the costs of production makes
both output and prices fall.
output rise and prices fall.
output fall and prices rise.
both output and prices rise.
7
The model of AD and AS is nothing more than a large version of the model of market demand and market supply.
True
False
8
Other things the same, if technology increases, then in the long run.
output is higher and prices are lower.
output is lower and prices are higher
both output and prices are higher.
both output and prices are lower.
9
A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve.
False
True
10
In the short-run an increase in the costs of production makes
output rise and prices fall.
output fall and prices rise.
both output and prices fall.
both output and prices rise.
11
Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.
True
False

MAC Module 16 Flashcards | StudBud

MAC Module 16

11 termsStudBud Administration90 plays

Imported from external platform

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
Which of the following would shift the long-run aggregate supply curve right?
Neither an increase in money supply nor an increase in the capital stock
An increase in the capital stock, but not an increase in the price level
An increase in the money supply, but not an increase in the capital stock
Both an increase in the capital stock and an increase in the price level
2
Which of the following would cause recession?
Aggregate demand shifts right.
Aggregate supply shifts right.
Aggregate demand shifts left.
Aggregate supply shifts left.
3
Which of the following would cause stagflation?
Aggregate demand shifts right
Aggregate supply shifts left.
Aggregate supply shifts right.
Aggregate demand shifts left.
4
A decrease in the money supply will shift the long-run aggregate-supply curve to the left.
True
False
5
Stagflation results from continued decreases in aggregate demand.
True
False
6
In the short-run an increase in the costs of production makes
both output and prices fall.
output rise and prices fall.
output fall and prices rise.
both output and prices rise.
7
The model of AD and AS is nothing more than a large version of the model of market demand and market supply.
True
False
8
Other things the same, if technology increases, then in the long run.
output is higher and prices are lower.
output is lower and prices are higher
both output and prices are higher.
both output and prices are lower.
9
A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve.
False
True
10
In the short-run an increase in the costs of production makes
output rise and prices fall.
output fall and prices rise.
both output and prices fall.
both output and prices rise.
11
Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.
True
False