The change in equilibrium expenditure

Question 11 of 40

2.5 Points

The change in equilibrium expenditure also equals the change in __________.

[removed] A. the potential GDP
[removed] B. the real GDP
[removed] C. income taxes
[removed] D. interest rates

Question 12 of 40

2.5 Points

Which of the following does NOT decrease aggregate demand in the United States?

[removed] A. a decrease in the price of oil
[removed] B. a decrease in GDP in Germany
[removed] C. a decrease in government spending
[removed] D. a decrease in the supply of money

Question 13 of 40

2.5 Points

The __________ curve summarizes the relationship between aggregate planned expenditure and the real GDP.

[removed] A. AES
[removed] B. AE
[removed] C. AD
[removed] D. APE

Question 14 of 40

2.5 Points

Why does the quantity of real GDP supplied change when the price level changes?

[removed] A. movement along the AS curve brings a change in the price of resources
[removed] B. movement along the AS curve brings a change in the potential GDP
[removed] C. movement along the AS curve brings a change in the GDP price index
[removed] D. movement along the AS curve brings a change in the real wage rate

Question 15 of 40

2.5 Points

To determine the equilibrium price level and equilibrium level of real GDP, the aggregate demand and aggregate supply must __________.

[removed] A. be considered separately
[removed] B. intersect
[removed] C. be disregarded
[removed] D. be considered as a multiplier

Question 16 of 40

2.5 Points

When the real wage rate changes, firms change the __________ and the level of production.

[removed] A. wage rate of employees
[removed] B. quality of goods or services produced
[removed] C. quantity of labor employed
[removed] D. production plans

Question 17 of 40

2.5 Points

All other things remaining the same, the lower the price level, the __________ the quantity of real GDP demanded.

[removed] A. smaller
[removed] B. greater
[removed] C. more constant
[removed] D. less constant

Question 18 of 40

2.5 Points

Expenditures such as investment, government expenditure on goods and services, and exports __________ on real GDP.

[removed] A. do not depend
[removed] B. depend greatly
[removed] C. remain constant based
[removed] D. vary in their individual dependence

Question 19 of 40

2.5 Points

What are the two main influences that the world economy has on aggregate demand?

[removed] A. foreign exchange rate and foreign income
[removed] B. foreign investments and foreign profit
[removed] C. revenues from overseas and foreign exchange rate
[removed] D. foreign expenditures and international trade

Question 20 of 40

2.5 Points

What is the total amount of final goods and service that firms in a country plan to produce, depending on the labor, capital, technology, natural resources, and entrepreneurial talent in the market?

[removed] A. the supply-demand model
[removed] B. the quantity of real gross domestic product (GDP. supplied
[removed] C. the quantity of potential GDP
[removed] D. the quantity of real GDP demanded

12 years ago

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The change in equilibrium expenditure

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