When taxes increase, consumption A: increases, so aggregate demand shifts right B: increases, so aggregate supply shifts right C: decreases, so aggregate demand shifts left D: decreases, so aggregate supply shifts left

Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.

The DD schedule shows_______. ( ) A: interest rate and output pairs for which aggregate demand equals aggregate output. B: exchange rate and output pairs for which aggregate demand equals aggregate output.2 C: interest rate and output pairs for which aggregate supply equals aggregate output. D: exchange rate and output pairs for which aggregate demand is greater than aggregate output.

Long-run aggregate supply is least likely to be affected by changes in the:（） A: the stock of physic capital. B: the supply of natural resources. C: the wage rate of labor.

Which of the following is most commonly used to monitor short-run changes in economic activity? A: the inflation rate B: real GDP C: aggregate demand D: aggregate supply

Aggregate planning is an important supply chain issue because, to be effective, it requires inputs from throughout the supply chain, but its results have little impact on the supply chain. A: 正确 B: 错误

When aggregate demand increases faster than aggregate supply, prices go up. What is this an example of? A: Demand-pull inflation B: Cost-push inflation C: Per-worker productivity D: Deflation

A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.

When<br/>taxes increase, consumption () A: decreases<br/>as shown by a movement to the left along a given aggregate demand<br/>curve. B: decreases<br/>as shown by shifting aggregate demand to the left. C: increases<br/>as shown by shifting aggregate supply the left. D: None<br/>of the above is correct.

A large decrease in the income tax rate will most likely cause A: a fairly large increase in aggregate demand B: a fairly small increase in aggregate supply C: an increase in the price level D: all of the above E: none of the above