Macro_Chapter_9_study_guide_questions_13e

Macro_Chapter_9_study_guide_questions_13e - Macro Chapter 9...

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Macro Chapter 9 study guide questions Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Within the aggregate demand/aggregate supply framework, the quantity on the horizontal axis in the aggregate goods and services market represents the a. total amount of government spending. b. total real output (real GDP) of the economy. c. total unemployment of the economy. d. price level of the economy. ____ 2. In the loanable funds market, the true burden of borrowers and the true yield to lenders is the ____ 3. When AD is equal to SRAS at an output level equal to the LRAS curve, ____ 4. If the expected rate of inflation is zero, the ____ 5. Which of the following is the primary factor that coordinates the actions of borrowers and lenders in the loanable funds market? a. inflation rate b. unemployment rate c. the government d. interest rate ____ 6. Which of the following statements about the circular flow diagram is not correct?
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