Crowdly

If real GDP exceeds potential GDP in an economy, which of the following situations describes the economy's equilibrium?

in a recessionary equilibrium

in a below full-employment equilibrium

in long-run equilibrium

in an above full-employment equilibrium

not in a short-run macroeconomic equilibrium

If Canadian firms build new pipelines across Alberta, which of the following events will occur?

The quantity of Canadian real GDP demanded decreases.

No change occurs to either the quantity of Canadian real GDP demanded or to Canadian aggregate demand.

The quantity of Canadian real GDP demanded increases.

Canadian aggregate demand increases.

Canadian aggregate demand decreases.

If the price level is fixed, which of the following events determines the amount by which the AD curve shifts?

The change in aggregate expenditure.

Both A and D.

The change in autonomous expenditure and the multiplier.

The change in induced expenditure.

The change in the price level.

Refer to Figure 10.3.3, which shows the AS-AD model in which an economy is in four possible short-run macroeconomic equilibrium. In which of the graphs would we predict that eventually the price level will rise and real GDP will fall, everything else remaining the same?

Short Description: A set of four graph of price level versus real G D P. Long Description: The vertical axis of each graph is labelled, price level and the horizontal axis is labelled, real G D P. The graph are as follows.(a) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D right to their point of intersection.(b) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D at their point of intersection. (c) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D left to their point of intersection.(d) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D left to their point of intersection.

Figure 10.3.3

both graphs (c) and (d)

only graph (a)

When is an economy always at short-run macroeconomic equilibrium?

When the AD curve intersects the LAS curve.

When the economy is above full employment.

When the economy is below full employment.

When the quantity of real GDP demanded equals the quantity of real GDP supplied.

When the economy is at full employment.

Quelle guerre oblige le roi de France à laisser le duc faire ce qu'il veut ?

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La Première Guerre Mondiale

La Première Croisade

La Guerre de Cent ans

Quelle petite ville qui s'enrichit grâce au commerce avec l'Angleterre ?

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Brest

Quimper

Locronan

A qui attribue-t-on par erreur la gratuité des autoroutes en Bretagne ?

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Le Général de Gaulle

Anne de Bretagne

Les agriculteurs bretons

Qui interdit la règle celtique ?

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Saint Louis

Charlemagne

Louis le Pieux