The aggregate demand curve shows the combinations of

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Chapter 7 / Exercise 17
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49. The aggregate demand curve shows the combinations of output and the price level that put the economy on (a) the FEline and the IScurve. (b) the FEline, the IScurve, and the LMcurve. (c) the IScurve. (d) the IScurve and the LMcurve. Answer: D
Level of difficulty: 1 Section: 9.6
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Exploring Microeconomics
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Chapter 7 / Exercise 17
Exploring Microeconomics
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142 Abel/Bernanke • Macroeconomics, Fifth Edition 50. The aggregate demand curve
Level of difficulty: 1 Section: 9.6 51. Which of the following changes shifts the ADcurve down and to the left?
Level of difficulty: 2 Section: 9.6 52. Which of the following changes shifts the ADcurve up and to the right?
Level of difficulty: 2 Section: 9.6 53. The aggregate supply curve shows the relation between (a) the real interest rate and the aggregate amount of output that firms supply. (b) the price level and the aggregate amount of output that firms supply. (c) the supply of goods by firms and the price of goods relative to the price of nonmonetary assets. (d) the inflation rate and the unemployment rate. Answer: B
Level of difficulty: 1 Section: 9.6 54. The short-run aggregate supply curve (in the absence of misperceptions)
Level of difficulty: 1 Section: 9.6
Chapter 9 The IS-LM/AD-ASModel: A General Framework for Macroeconomic Analysis 143 55. The long-run aggregate supply curve
Level of difficulty: 1 Section: 9.6 56. Which of the following changes shifts the SRAScurve up?
Level of difficulty: 1 Section: 9.6 57. Which of the following changes shifts the long-run aggregate supply curve to the right? (a) A demographic change that increases the labor supply (b) A decrease in the demand for labor (c) An increase in consumer confidence (d) A decrease in taxes (assuming Ricardian equivalence doesn’t hold) Answer: A
Level of difficulty: 2 Section: 9.6

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