Introduction to Macroeconomics (CS)
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A rightward shift in the AD curve can be caused by:
When there is deflation,
Which of the following would shift both AD and AS curves simultaneously?
What does the slope of the short-run aggregate supply curve reflect?
What is the long-run effect of an increase in aggregate demand without a change in LRAS?
What happens to the price level and real GDP in the short run if AD increases?
Which of the following would likely shift aggregate demand to the right?
A supply shock, such as a sudden increase in oil prices, would most likely:
In the AS/AD model, suppose prices are expected to decline in the future. The effect today is likely to:
Which of the following would most
likely shift the LRAS curve to the right?
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