Aggregate Demand and Aggregate Supply Flashcards

1

Is entrepreneurship a factor of production?

2

What are the components of Aggregate Demand

3

If OPEC lifts an embargo on oil, what would happen to Aggregate Supply?

4

What are the factors of production?

5

What is the slope of the long-run Aggregate Supply curve?

6

If the government pursues monetary expansion, what will happen in the long run?

7

Who is the economist that first proposed the concept of Aggregate Demand and Aggregate Supply

8

What is a positive supply shock?

9

Which of the following lists ranks types of assets from most liquid to least liquid?

Aggregate Demand and Aggregate Supply