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05 Equilibrium in the AD and AS Model Question 1 (Essay Worth 4 points) List the determinants of short-run aggregate supply in the textbox below....

questions on Equilibrium in the AD and AS Model and Economic Growth and Productivity

03.05 Equilibrium in the AD and AS Model Question 1 (Essay Worth 4 points) List the determinants of short-run aggregate supply in the textbox below. (Check lesson 3.02 for help.) Question 2 (Essay Worth 4 points) List the determinants of aggregate demand in the textbox below. (Check lesson 3.03 for help.) Question 3 (Essay Worth 5 points) For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided. The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid. Question 4 (Essay Worth 5 points) For the question below, write an explanation of the short-run effect including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided. Tourists flock to visit the major theme park's in Orlando, Florida. Question 5 (Essay Worth 5 points) For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.
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Assume that over the next ten years, the level of educational attainment in the US increases significantly. Question 6 (Essay Worth 5 points) For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided. The price of a barrel of oil, a resource used by manufacturers, skyrockets amid wild speculation on Wall Street. Question 7 (Multiple Choice Worth 3 points) If the government provides an energy subsidy for all farmers in the Macro Islands, then SRAS will shift right. SRAS will shift right and AD will shift right. AD will shift right. SRAS will shift left and AD will shift right. SRAS will shift left and AD will shift left. Question 8 (Multiple Choice Worth 3 points) If imports to the United States increased, what would most likely happen to price level and real gross domestic product? Price Level / Real GDP Increase / Increase Increase / Decrease Indeterminate / Increase Decrease / Decrease Decrease / Increase Question 9 (Multiple Choice Worth 3 points) If workers are more educated, then short-run aggregate supply will increase and output and price level will increase as well. decrease and output and price level will decrease as well. increase and output will increase but price level will decrease. increase and output will decrease but price level will increase. decrease and output will decrease but price level will increase.
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