Economics 12E - Arnold - TB_141 - c raise the price level and Real GDP d raise Real GDP but there is not enough information to know how the price level

Economics 12E - Arnold - TB_141 - c raise the price level...

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c. raise the price level and Real GDP. d. raise Real GDP, but there is not enough information to know how the price level will change. e. raise the price level and lower Real GDP. ANSWER: a POINTS: 1 DIFFICULTY: Challenging NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supply KEYWORDS: Bloom's: Application OTHER: Economics 24/7 60. If consumption increases, a. the SRAS curve will shift rightward, which will push the price level up.b. the SRAS curve will shift leftward, which will push the price level up.c. the AD curve will shift leftward, which will push the price level down.d. the AD curve will shift rightward, which will push the price level up.ANSWER: d POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supply KEYWORDS: Bloom's: Application 61. A simultaneous rise in both aggregate demand and short-run aggregate supply will definitely POINTS: 1
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DIFFICULTY: Challenging NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supply KEYWORDS: Bloom's: Application OTHER: Economics 24/7
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