The aggregate supply curve is
The total quantity of raw materials offered for sale at different process
The total quantity of final goods and services offered for sale at the current price level
The total quantity of final goods and services offered for sale at different price levels
The total quantity of intermediate and final goods ans services offered for sale at different price levels
The aggregate demand curve
The total quantity of an economy's intermediate goods demanded at all price levels
The total quantity of an economy's intermediate goods demand at a particular Price level
The total quantity of an economy's final goods and services demanded at a particular level
The total quantity of an economy's final goods and services demanded at different price levels
A situation of rising prices and falling output is known as
Stagflation
Hyper inflation
Deflation
Disinflation
According to the Keynesian, a decrease in government spending other things equal shifts the aggregate ____ curve to the ______
Demand : light
Demand : left
Supply : left
Supply : right
Stagflation is the result of
Positive supply shock
Negative supply shock
Positive demand shock
Negative demand shock
The Keynesian analysis of aggregate demand indicates that changes in the money supply
Have no effect on aggregate demand
Shift the aggregate demand curve in the opposite direction of the change in government spending
Shift the aggregate demand curve in the same direction as the change in government spending
Move the economy along the aggregate demand curve rather than shifting it
Keynes assumed the situation of
Full employment
Under employment
Involuntary unemployment
Marginal unemployment
The total quantity of an economy's final goods and service demanded at different price levels is
The aggregate supply curve
The Phillip's curve
The aggregate expenditure function
The aggregate demand curve slopes downward because a decrease in the price level means an ____ in the real money supply and therefore a ____ level of real spending.
Increase : higher
Increase : lower
Decrease : lower
Decrease : higher
Keynesians believe that
The aggregate demand curve is downward sloping
A change on the quantity of money causes the aggregate demand curve to shift
Changes in government spending and taxes cause the aggregate demand curve to shift
All of the above
