Question 17 One Way That Inflationary Pressure Is Shown In The Ad As Model Is O A Leftward Shift In The Ad Curve A Leftw 1 (195.04 KiB) Viewed 18 times
Question 17 One way that inflationary pressure is shown in the AD/AS model is O a leftward shift in the AD curve a leftward shift in the AD curve combined with a rightward shift in the SRAS curve a rightward shift in the SRAS curve a leftward shift in the SRAS curve Question 18 In the AD/AS model, high cyclical unemployment would result in O output that is substantially to the right of potential GDP O output that is substantially to the left of potential GDP zero unemployment no possible impact on output Question 19 In the AD/AS model, a recession can be represented by an equilibrium associated with full employment in the economy an equilibrium that is substantially to the right of the potential GDP line O an equilibrium that is relatively far left of the potential GDP line O an equilibrium that falls directly on the potential GDP line 1 pts 1 pts 1 pts
0 Question 20 Over time, increased productivity can result in a rightward shift O of both the SRAS and the LRAS O of only the SRAS of only the LRAS O of neither the SRAS nor the LRAS 1 pts
Question 13 The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called O aggregate demand O aggregate supply O potential GDP O obligatory GDP Question 14 In the AD/AS model, the SRAS curve is the vertically sloped; producers are limited to producing at potential GDP O horizontally sloped; producers are limited to producing at potential GDP O upward-sloping; producers can change quantity supplied Odownward-sloping; producers can change quantity supplied Question 15 In the neoclassical zone of the SRAS curve, AS curve, where O the equilibrium is far from potential GDP Oonly a rightward shift in AS can increase the size of the real GDP O the curve is relatively flat O prices are lower than in the Keynesian zone in the short run. 1 pts 1 pts 1 pts
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