Economics 12E - Arnold - TB_151

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

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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 182. The level of Real GDP that the economy produces in long-run equilibrium is Natural Real GDP. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy 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: Knowledge 183. 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. a. True b. False ANSWER: True 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: Comprehension 184. When wage rates rise the short-run aggregate supply curve shifts to the right. a. True b. False ANSWER: False 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
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KEYWORDS: Bloom's: Comprehension 185. As interest rates drop, households tend to borrow more and businesses tend to borrow less.
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