Economics 12E - Arnold - TB_151 - NATIONAL STANDARDS United States BUSPROG Analytic LOCAL STANDARDS United States OH Default City DISC Aggregate demand

Economics 12E - Arnold - TB_151 - NATIONAL STANDARDS United...

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NATIONAL STANDARDS: United States - BUSPROG: AnalyticLOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supplyKEYWORDS: Bloom's: Application182. The level of Real GDP that the economy produces in long-run equilibrium is Natural RealGDP.a. Trueb. FalseANSWER: TruePOINTS: 1DIFFICULTY: EasyNATIONAL STANDARDS: United States - BUSPROG: AnalyticLOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supplyKEYWORDS: Bloom's: Knowledge183. Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve.POINTS: 1DIFFICULTY: ModerateNATIONAL STANDARDS: United States - BUSPROG: AnalyticLOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supplyKEYWORDS: Bloom's: Comprehension184. When wage rates rise the short-run aggregate supply curve shifts to the right.POINTS: 1DIFFICULTY: ModerateNATIONAL STANDARDS: United States - BUSPROG: AnalyticLOCAL STANDARDS: United States - OH - Default City - DISC: Aggregate demand and aggre - DISC: Aggregate demand and aggregate supply
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KEYWORDS: Bloom's: Comprehension185. As interest rates drop, households tend to borrow more and businesses tend to borrow less.
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