Allied ecn151 Module 8 Check Your Understanding latest 2015 November

Jun 23rd, 2016
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Question Question Points 1. A favorable supply shock will cause: a. unemployment to rise and the short-run Phillips curve to shift right. b. unemployment to rise and the short-run Phillips curve to shift left. c. unemployment to fall and the short-run Phillips curve to shift right. d. unemployment to fall and the short-run Phillips curve to shift left. 2. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for: a. the slope of short-run aggregate supply. b. the slope of long-run aggregate supply. c. the slope of the aggregate-demand curve. d. everything that makes the aggregate-demand curve shift. 3. Other things the same, an increase in the amount of capital firms wish to purchase would initially shift: a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left. 4. Which of the following would cause stagflation? a. Rising government expenditures b. Rising oil prices c. A falling money

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Allied ecn151 Module 8 Check Your Understandinglatest 2015 NovemberQuestionQuestion Points1. A favorable supply shock will cause:a. unemployment to rise and the short-run Phillips curve to shift right.b. unemployment to rise and the short-run Phillips curve to shift left.c. unemployment to fall and the short-run Phillips curve to shift right.d. unemployment to fall and the short-run Phillips curve to shift left.2. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for:a. the slope of short-run aggregate supply.b. the slope of long-run aggregate supply.c. the slope of the aggregate-demand curve.d. everything that makes the aggregate-demand curve shift.3. Other things the same, an increase in the amount of capital firms wish to purchase wouldinitially shift:a. aggregate demand right.b. aggregate demand left.c. aggregate supply right.d. aggregate supply left.4. Which of the following would cause stagflation?a. Rising government expendituresb. Rising oil pricesc. A falling money supplyd. Technical progress5. Depending on the size of the multiplier and crowding-out effects, the rightward shift inaggregate demand from a tax cu

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