Refer to Figure 13 1 Ceteris paribus an increase in the growth rate of domestic

Refer to figure 13 1 ceteris paribus an increase in

This preview shows page 2 - 4 out of 5 pages.

40)Refer to Figure 13-1.Ceteris paribus,an increase in the growth rate of domestic GDP relative tothe growth rate of foreign GDP would be represented by a movement from A)AD1toAD2.B)AD2toAD1.C) pointAto pointAnswer: BB.D) pointBto pointA.40)Page Ref: 822/440Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation. 41)Refer to Figure 13-1.Ceteris paribus,a decrease in the value of the domestic currency relative toforeign currencies would be represented by a movement from B.D) pointBto pointA.41)Page Ref: 822/440Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation. 42) The basic aggregate demand and aggregate supply curve model helps explain ________fluctuations in real GDP and the price level. 42)Page Ref: 816/434Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation. 43) The business cycle ________ on Delta Airlines since the companyʹs inception over 80 years ago. 43)Page Ref: 815/433Learning Outcome: Macro - 3: Identify and interpret key macroeconomic measures. 9
Background image
44) When the economy enters a recession, your employer is unlikely to reduce your wages because________ during a recession. A) output prices always fallB) lower wages increase your incentive to find employment elsewhereC) output prices generally fall and input prices generally riseD) output and input prices generally fallAnswer: B44)Page Ref: 815/433Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation.
Background image
Image of page 4

You've reached the end of your free preview.

Want to read all 5 pages?

  • Summer '19
  • Economics, Page Ref, Green Line, aggregate supply-aggregate demand, Supply-Aggregate Demand Model

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes