Refer to the information provided in Figure 26.1 below to answer ...

[ap345]

Question 1

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. Between the output levels of $500 billion and $1,000 billion, the relationship between the price level and output is

◦ constant.
◦ negative.
◦ positive.
◦ indeterminate.

Question 2

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. This economy reaches capacity at

◦ $500 billion.
◦ $1,000 billion.
◦ $1,500 billion.
◦ an output level that is indeterminate from this information because aggregate demand is not given.

[marict]

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Only 49% of students answer this correctly

[Redwolflake15]

Question 1

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. At aggregate output levels below $500 billion, this economy is most likely experiencing

◦ rapid increases in the growth rate of the money supply.
◦ a boom.
◦ excess demand.
◦ excess capacity.

Question 2

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. At aggregate output levels above $1,500 billion, firms in this economy are most likely experiencing

◦ costs increasing as fast as output prices.
◦ costs lagging behind increases in output prices.
◦ costs falling as prices output increase.
◦ costs rising faster than output prices.

[macagnavarro]

Answer 1

excess capacity.

Answer 2

costs increasing as fast as output prices.

[Redwolflake15]

Excellent

[macagnavarro]

Great! Please up vote

[BrownTown3]

Question 1

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. Between the output levels of $1,000 billion and $1,500 billion, the relationship between the price level and output is

◦ constant.
◦ negative.
◦ positive.
◦ indeterminate.

Question 2

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. At $1,500 billion, this economy

◦ is producing below its capacity.
◦ is above its production capacity.
◦ reaches its capacity.
◦ Any of these can be correct.

[macmac]

Answer 1

positive.

Answer 2

reaches its capacity.

[Caiter2013]

Question 1

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. This economy is most likely experiencing excess capacity at aggregate output levels

◦ above $1,500 billion.
◦ between $1,000 billion and $1,500 billion.
◦ between $500 billion and $1,000 billion.
◦ below $500 billion.

Question 2

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.








Refer to Figure 26.1. This economy is most likely experiencing costs increasing as fast as output prices are increasing at aggregate output levels

◦ above $1,500 billion.
◦ between $1,000 billion and $1,500 billion.
◦ between $500 billion and $1,000 billion.
◦ below $500 billion.

[fauacakatahaias]

Answer 1

below $500 billion.

Answer 2

above $1,500 billion.