Quiz 6-Macroeconomics

Quiz 6-Macroeconomics - Macroeconomics Quiz 6 Name:_ _...

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Macroeconomics Quiz 6 Name:______ ______________________________ ____C_____1. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for
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a. the slope of short-run aggregate supply. b. the slope of long-run aggregate supply. c. the slope of the aggregate-demand curve.
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d. everything that makes the aggregate-demand curve shift.
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_____B____ 2. When the dollar depreciates, U.S.
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a. exports and imports increase. b. exports increase, while imports decrease. c. exports decrease, while imports increase.
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d. exports and imports decrease.
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______A___3. When taxes decrease, consumption
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a. increases, so aggregate demand shifts right. b. increases, so aggregate supply shifts right. c. decreases, so aggregate demand shifts left.
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d. decreases, so aggregate supply shifts left.
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____A_____4. The long-run aggregate supply curve shifts right if
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a. technology improves. b. the price level decreases. c. the money supply increases.
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d. All of the above are correct.
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when the price level rises more than expected,
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This note was uploaded on 01/31/2012 for the course ECON 201 taught by Professor Sinha during the Winter '11 term at Post.

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Quiz 6-Macroeconomics - Macroeconomics Quiz 6 Name:_ _...

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