Chapter 14 Aggregate Demand and Aggregate Supply

| November 9, 2018

17)
Which of the following does NOT shift the U.S. aggregate demand curve?
A)
an increase in the supply of money
B)
an increase in GDP in Japan
C)
a decrease in taxes
D)
a decrease in the price level

18)
Which of the following does NOT decrease aggregate demand in the United States?
A)
a decrease in the price of oil
B)
a decrease in GDP in Germany
C)
a decrease in government spending
D)
a decrease in the supply of money

19)
Which of the following would cause an increase in aggregate demand in the short
run?
A)
an increase in the supply of money
B)
a decrease in the price level
C)
an increase in taxes
D)
a crop failure

20)
Which of the following would cause a decrease in aggregate demand?
A)
a rise in wages
B)
an increase in the price level
C)
an increase in the money supply
D)
a fall in investor confidence

21)
Which of the following causes a movement along the aggregate demand curve?
A)
a fall in wages
B)
an increase in the price level
C)
an increase in government spending
D)
an increase in the money supply

22)
Which one of the following would shift the aggregate demand curve to the left?
A)
an increase in the money supply
B)
an increase in government spending
C)
an increase in exports
D)
an increase in taxes

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Figure 14.1

23)
Figure 14.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD0 could be caused by a(n)
A)
increase in the money supply.
B)
decrease in taxes.
C)
increase in the price level.
D)
decrease in government spending.

24)
Figure 14.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD2 could be caused by a(n)
A)
decrease in the money supply.
B)
increase in taxes.
C)
decrease in the price level.
D)
increase in government spending.

25)
Figure 14.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD2 could be caused by a(n)
A)
increase in the money supply.
B)
increase in taxes.
C)
increase in the price level.
D)
decrease in government spending.

26)
Figure 14.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD0 could be caused by a(n)
A)
decrease in the money supply.
B)
decrease in taxes.
C)
increase in the price level.
D)
increase in government spending.

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