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Aggregate Supply

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What does aggregate demand represent?

What information is needed in order to maximize the usefulness of the aggregate demand curve?

What is the AS-AD model?

What does the aggregate supply curve show?

What is the slope of the aggregate demand curve?

What is the slope of the short-run aggregate supply curve?

What is the slope of the long-run aggregate supply curve?

What is the equation for the short-run aggregate supply curve?

What is Ynatural in the equation for the short-run aggregate supply curve?

What is Pexpected in the equation for the short run-aggregate supply curve?

What is a in the equation for the short-run aggregate supply curve?

Why is the long-term aggregate supply curve vertical?

What are the factors of production?

What is the slope of the short-run aggregate supply curve?

What is one way that the long-run aggregate supply curve can shift?

Which of the following is not a model for the upward sloping aggregate supply curve?

Which of the following is not a model for the upward sloping aggregate demand curve?

According to the short run aggregate supply curve, what happens as the price level rises?

Which of the following models for the upward sloping aggregate supply curve does not rely on the labor market?

Which of the following models for the upward sloping aggregate supply curve relies on the prices of goods?

Which model of short-run aggregate supply is based on the fact that firms hire more labor when the real price of labor falls?

Which model of short run aggregate supply is based on workers' confusion between nominal wage increases and real wage increases?

Which model of short run aggregate supply is based on the fact that producers may mistake relative increases in the price level for absolute increases in the price level?

Which model of short run aggregate supply involves menu costs?

Which of the following is not a reason that prices may be sticky?

Which of the explanations for the upward sloping short-run aggregate supply curve is best?

Which curve usually shifts in the AS-AD model?

Which of the following curves does not appear in the AS-AD model?

Which of the following cannot shift the aggregate demand curve?

Which way does expansionary policy shift the aggregate demand curve?

Which way does contractionary policy shift the aggregate demand curve?

What is aggregate supply fixed by in the long run?

What do you call the intersection of the long-run aggregate supply curve and the aggregate demand curve?

What do you call the intersection of the short-run aggregate supply curve and the aggregate demand curve?

What is the short-run effect on output and the price level of the Fed pursuing expansionary monetary policy?

What is the long-run effect on output and the price level of the Fed pursuing expansionary monetary policy?

What is the short-run effect on output and the price level of the Fed pursuing contractionary monetary policy?

What is the long-run effect on output and the price level of the Fed pursuing contractionary monetary policy?

What is the short run effect on output and the price level of an adverse supply shock?

What is the long-run effect on output and the price level of an adverse supply shock?

What is the short run effect on output and the price level of a positive supply shock?

What is the long-run effect on output and the price level of a positive supply shock?

What is a possible result of an adverse supply shock?

When the short-run aggregate supply curve shifts, what shifts in response?

When the aggregate demand curve shifts, what shifts in response?

When does the long-run aggregate supply curve shift?

Which of the following is an example of an adverse supply shock?

Which of the following is an example of a positive supply shock?

Which of the following is best for the economy?

Which of the following is not a possible result of a right shift of the aggregate supply curve?

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