1.) An increase in the price level corresponds to

a decrease in aggregate demand

an increase in aggregate supply

movement along the aggregate supply curve

an inflationary gap

a recessionary gap

2.) In the short run, movement along the SRAS curve____ corresponds to ______ in the unemployment rate, all else being equal.

left to right; an increase

left to right; a decrease

left to right; an indeterminate change

right to left; an indeterminate change

right to left; a decrease

3.) If the labor force participation rate increases, which of the following would happen to short-run aggregate supply?

A shift of the AD curve to the left

Movement left and down along the SRAS curve

Movement right and up along the SRAS curve

A shift of the SRAS curve to the left

A shift of the SRAS curve to the right

4.) Which of the following would correspond to a decrease in real output due to an increase in energy prices?

A shift of the aggregate demand curve to the left

Movement left and down along the short-run aggregate supply curve

Movement right and up along the short-run aggregate supply curve

A shift of the short-run aggregate supply curve to the left

A shift of the short-run aggregate supply curve to the right

5.) A decrease in energy prices in the short run generally

decreases real output

increases nominal output but not real output

increases real output

corresponds to an increase in the unemployment rate

has no impact on either nominal or real output