Macroeconomic homework help please, I need correct answers to study with?

[culley96]

Hi I need some help with my Macro review sheet that my teacher gave me, I need the correct answers to study with, Thanks for the help :]

1) A consumer price index of 140 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
A)rose 40% from the cost of the market basket in the base year.
B)rose 140% from the cost of the market basket in the base year.
C)equaled $140 in 1996.
D)equaled $140 in 1983.

2) A decrease in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?
A)The price level will rise, and the level of GDP will fall.
B)The price level will rise, and the level of GDP will be unaffected.
C)The price level will fall, and the level of GDP will be unaffected.
D)The price level will fall, and the level of GDP will fall.

3) A decrease in investment causes the price level to ________ in the short run and ________ in the
A)increase; decrease
B)decrease; decrease further
C)decrease; increase
D)increase; increase further

4)A negative supply shock in the short run causes

A)the aggregate supply curve to shift to the left.
B)equilibrium real GDP to rise.
C)the price level to fall.
D)unemployment to fall.

5)Workers and firms both expect that prices will be 2.5% higher next year than they are this year. As a result,
A)the short-run aggregate supply curve will shift to the left as wages increase.
B)the purchasing power of wages will rise if wages increase by 2.5%.
C)workers will be willing to take lower wages next year, but not lower than a 2.5 percent decrease.
D)aggregate demand will increase by 2.5%

6) If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,

A)the long-run aggregate supply curve will shift to the left.
B)the long-run aggregate supply curve will shift to the right.
C)we will move down along the long-run aggregate supply curve.
D)we will move up along the long-run aggregate supply curve.

7)If aggregate demand just increased, which of the following may have caused the increase?

A)an increase in government purchases
B)an increase in imports
C)an increase in the interest rate
D)an increase in the price

8) An increase in aggregate demand causes an increase in ________ only in the short run, but causes an increase in ________ in both the short run and the long run.

A)real GDP; real GDP
B)real GDP; the price level
C)the price level; the price level
D)the price level; real GDP

Thank you soooo much for the help, i really appreciate the help, i want to do well on my up coming test! so having the correct answers to study from will help me out alot!