A fall in the price level shifts the aggregate expenditure curve upward and increases the quantity of real GDP demanded.
举一反三
- 中国大学MOOC: All explanations for the upward slope of the short-run aggregate supply curve suppose that the quantity of output supplied increases when the actual price level exceeds the expected price level
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.
- When a monopolistically competitive firm raises its price, A: quantity demanded falls to zero. B: quantity demanded declines but not to zero. C: the market supply curve shifts outward. D: quantity demanded remains constant.
- If shoes rise in price, the demand curve for shoes ( ) and the quantity of shoes demanded ( ). A: shifts leftward; decreases B: shifts leftward; does not change C: does not shift; decreases D: does not shift; does not change
- If the market price of a good is below the equilibrium price ______ A: quantity demanded Hill exceed quantity supplied, resulting in a shortage. B: quantity demanded Hill exceed quantity supplied, resulting in a surplus. C: quantity supplied will exceed quantity demanded, resulting in a shortage. D: quantity supplied will exceed quantity demanded, resulting in a surplus. E: the supply curve will shift to the left and the demand curve will shift to the right.