Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
If the prices of imported resources increase, then this event would most likely:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
The vertical slope of the long-run aggregate supply curve is based on the assumption that:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
An aggregate supply curve shows the:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
If Congress raised taxes on businesses, this action would:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
The labels for the axes of the aggregate demand graph should be:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
Which set of events would most likely decrease aggregate demand?
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
An increase in productivity will:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
The labels for the axes of an aggregate supply curve should be:
Level of real domestic output which will be produced at each possible price level
Real domestic output on the horizontal axis and the price level on the vertical axis
An increase in personal income tax rates
Increase per-unit production costs and thus decrease aggregate supply
Nominal wages and other resource costs do respond to price level changes
Real domestic output for the horizontal axis and price level for the vertical axis
Increase aggregate supply
Decrease aggregate supply
Check it!
Match it!
Match it!