Macroeconomics Questions
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Inflation Expectations, Resource Prices, Government Actions, Productivity
Nominal Interest Rate = Real Interest Rate + Inflation
Change in GDP = multiplier x initial change in spending
quality of resources, quantity of resources, tech
IF the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP less than potential GDP, there is
A change in any component of aggregate demand creates a larger change in overall aggregate demand. This is the _____ effect, and it means, for example, that a _____ in consumption will cause an even larger ______ in AD
Which of the following is a possible effect of an increase in the price level in an economy
Which of the following statements is true of the relationship between household consumption and disposable income
Which of the following will increase real GDP, assuming the value of the spending multiplier is positive
The spending multiplier effect occurs both for an _______________ and a ______________in planned aggregate expenditure
total change in gdp= multiplier X initial change in spending
Which of the following will be true if aggregate expenditure exceeds the amount actually produced
For the past several decades in the United States, ____ has fluctuated much more than consumption
If people's expectations about future income improve so they think their future income will be higher than previously believed, then the AD curve
In the simple model, the slope of AE is equal to the _________________ which is the __________________________________________________
Which of the following will cause an outward shift of a firm's investment demand curve
Which of the following decreases aggregate demand and shifts the AD curve leftward?
If investment spending increases by 1 million then aggregate demand curve shifts
According to the income-expenditure model, at a given price level, the quantity of real GDP demanded is determined at the point where
Which of the following represents the components of aggregate expenditure