Economics

General wage increases in the economy will cause the AS curve to shift to the left.

Started by jparksx

The aggregate supply curve slopes upwards in the short run.

Started by darbym82

The unemployment rate is 10%. This means that the average worker has been employed for 10% of the year.

Started by kellyjaisingh

Frictional unemployment is caused by the decline of a traditional industry.

Started by @Brianna17

A fall in GDP will cause a rise in the demand for money.

Started by Chloeellawright

Grant and Michelle receive the same annual income, but Grant, who gets paid monthly, will have a ...

Started by cmoore54

The broad definition of money includes amounts in people's bank accounts.

Started by roselinechinyere27m

The Westland Bank has 100 000 in actual liquid assets and its required liquid assets are Westland ...

Started by bobbie

Actual output cannot grow faster than potential output over the longer term.

Started by bucstennis@aim.com

When an economy is in the recessionary phase of the business cycle we would normally expect the rate ...

Started by mp14

GDP includes all transactions in which money or goods change hands.

Started by Mollykgkg

The multiplier can be calculated using the formula 1/(1-mpcd) where 'mpcd' is the marginal ...

Started by burton19126

Equilibrium in the circular flow of income occurs when withdrawals equal injections.

Started by EY67

Investment is an injection into the circular flow of income.

Started by Jramos095

Nominal values are measured in current prices and real values take account of inflation.

Started by shofmannx20

In a period of reduced cost-push inflation but no change in real aggregate demand

Started by fnuegbu

Inflation caused by a rise in oil prices is an example of

Started by bobypop

Which of the following is likely to benefit from a high level of inflation?

Started by rl

Study the following data:YearRetail Price Index1100211031204130Which one of the following represents ...

Started by LCritchfi

Study the following data:YearRetail Price Index1100212031354145Which one of the following represents ...

Started by Themember4

Assuming an upward-sloping aggregate supply curve, an increase in aggregate demand, other things ...

Started by lb_gilbert

Which of the following factors will NOT cause the AD curve to shift to the right?

Started by Anajune7

The short-run aggregate supply curve is

Started by laurencescou

The aggregate supply curve cannot be the sum of the supply curves of all the individual firms in the ...

Started by cherise1989

Which of the following would be most likely to produce a rightward shift in the AD curve?

Started by dejastew