Productivity relates to O working longer over time. O working harder over time. O producing the same output with more labor hours. O producing the same output with fewer labor hours. Question 42 The total of all planned production for the entire economy is known as O aggregate supply. O aggregate demand. O aggregate expenditures. O aggregate inflation. Question 43 The long-run aggregate supply curve will shift outward to the right when Othere is economic growth. O the real-balance effect increases. O the amount of labor decreases. O the price level decreases. Question 44 A weakening in consumer confidence causes a O movement down along the aggregate demand curve. O movement up along the aggregate demand curve. O shift of the aggregate demand curve to the right. O shift of the aggregate demand curve to the left.

Productivity relates to O working longer over time. O working harder over time. O producing the same output with more labor hours. O producing the same output with fewer labor hours. Question 42 The total of all planned production for the entire economy is known as O aggregate supply. O aggregate demand. O aggregate expenditures. O aggregate inflation. Question 43 The long-run aggregate supply curve will shift outward to the right when Othere is economic growth. O the real-balance effect increases. O the amount of labor decreases. O the price level decreases. Question 44 A weakening in consumer confidence causes a O movement down along the aggregate demand curve. O movement up along the aggregate demand curve. O shift of the aggregate demand curve to the right. O shift of the aggregate demand curve to the left.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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Similar questions

The economy has shifted and the quantity of the real GDP supplied has increased. What has potentially happened to aggregate price levels? Potentially the price levels have increased to a higher aggregate price level and if the wages are sticky, businesses have hired more employees as labor has become cheaper. O Potentially the price levels have decreased to a lower aggregate price level and if the wages are sticky, businesses have hired more employees as labor has become cheaper. Potentially the price levels have increased to a higher aggregate price level and if the wages are sticky, businesses have fired some employees as labor has become too expensive.
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Recall the Aggregate Demand and Aggregate Supply model, in the short-run, a reduction in businesses' costs of production make output rise and prices fall. O output fall and prices rise. O output and prices fall. output and prices rise.
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