Principles of Economics
7th Edition
ISBN: 9781305156043
Author: N. Gregory Mankiw
Publisher: Cengage Learning US
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Question
Chapter 33, Problem 2QCMC
To determine
The impact of sudden stock market crash on economy.
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A change in the expected price level shifts
a. the aggregate demand curve.
b. the short-run aggregate supply curve, but not the long-run aggregate supply curve.
c. the long-run aggregate supply curve, but not the short-run aggregate supply curve.
d. both the short-run and the long-run aggregate supply curves.
When production costs rise, in the short run:
When production costs rise, in the short run:
A. the aggregate-supply curve shifts down to the right
B. the aggregate-demand curve shifts down to the left
C. the aggregate-demand curve shifts up to the right
D. the aggregate-supply curve shifts up to the left
E. both the aggregate-demand curve and the aggregate-supply curve shift to the left
What would be the effect of an unexpected increase in the price of oil on a graph showing aggregate demand and short-run
aggregate supply that is initially in equilibrium?
The effect of an unexpected increase in the price of oil will be for the
A. aggregate demand curve to shift down.
B. aggregate demand curve to shift up.
C. short-run aggregate supply curve to shift up.
D. short-run aggregate supply curve to shift down.
The new equilibrium will be where
A. the new short-run aggregate supply curve interects the original aggregate demand curve.
B. the original short-run aggregate supply curve interects the original aggregate demand curve.
C. the new short-run aggregate supply curve interects the original short-run aggregate supply curve.
D. the new short-run aggregate supply curve interects a new aggregate demand curve.
Chapter 33 Solutions
Principles of Economics
Ch. 33.1 - Prob. 1QQCh. 33.2 - Prob. 2QQCh. 33.3 - Prob. 3QQCh. 33.4 - Prob. 4QQCh. 33.5 - Prob. 5QQCh. 33 - Prob. 1QRCh. 33 - Prob. 2QRCh. 33 - Prob. 3QRCh. 33 - Prob. 4QRCh. 33 - Prob. 5QR
Ch. 33 - Prob. 6QRCh. 33 - Prob. 7QRCh. 33 - Prob. 1QCMCCh. 33 - Prob. 2QCMCCh. 33 - Prob. 3QCMCCh. 33 - Prob. 4QCMCCh. 33 - Prob. 5QCMCCh. 33 - Prob. 6QCMCCh. 33 - Prob. 1PACh. 33 - Prob. 2PACh. 33 - Prob. 3PACh. 33 - Prob. 4PACh. 33 - Prob. 5PACh. 33 - Prob. 6PACh. 33 - Prob. 7PACh. 33 - Prob. 8PACh. 33 - Prob. 9PACh. 33 - Prob. 10PA
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