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Macro Unit 3 Flashcards | StudBud
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Macro Unit 3
Macro Unit 3
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Questions
18
Answers
1
If the MPC = .5, what is the multiplier?
5
1
10
2
2
What happens to the price level during a negative supply shock?
decreases
increases
3
The model below demonstrates:
positive supply shock
negative demand shock
positive demand shock
negative supply shock
4
Model in which the aggregate supply curve and aggregate demand curve are used together:
AP Model
Aggregate Model
Stabilization MOdel
AD-AS Model
5
If the MPC = .9, what is the multiplier?
1
2
5
10
6
If the MPC = .0, what is the multiplier?
2
10
5
1
7
The model below demonstrates:
positive demand shock
negative demand shock
negative supply shock
positive supply shock
8
What happens to the price level during a negative demand shock?
increases
decreases
9
What happens to the output level during a positive demand shock?
increases
decreases
10
The model below demonstrates:
negative demand shock
positive demand shock
negative supply shock
positive supply shock
11
What happens to the output level during a negative demand shock?
increases
decreases
12
The model below demonstrates:
inflationary gap
recessionary gap
13
What happens to the price level during a positive supply shock?
decreases
increases
14
Stocks of goods and raw materials held to facilitate business operations:
waste
investments
inventories
stockpiles
15
Combination of inflation and stagnating aggregate output:
recession
stagflation
inflation
depression
16
The model below demonstrates:
inflationary gap
recessionary gap
17
If the MPC = .8, what is the multiplier?
5
1
10
2
18
What happens to the price level during a positive demand shock?
increases
decreases
