Macroeconomic Question?

[atworth49]

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

[colten]

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

dcca