An aggregate demand curve shows the:

Group of answer choices

Level of real domestic output which will be produced at each possible price level

Price level at which real domestic output will be in equilibrium

Level of real domestic output which will be purchased at each possible price level

Price level at which real domestic output will be purchased

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Question 3

1pts

Input prices are fixed and output prices are flexible in case of:

Group of answer choices

Short-run aggregate supply

Long-run aggregate supply

Immediate-short-run aggregate supply

Aggregate demand

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Question 4

1pts

Potential real GDP is represented by:

Group of answer choices

Long-run aggregate supply

Immediate-short-run aggregate supply

Aggregate demand

Short-run aggregate supply

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Question 5

1pts

What happens to aggregate demand if the dollar appreciates?

Group of answer choices

Increases

Unknown

Decreases

No change

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Question 6

1pts

What happens to the aggregate demand if productivity of the resources increases?

Group of answer choices

Decreases

Increases

Unknown

No change

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Question 7

1pts

What happens to equilibrium real GDP if there is an expectation of increase in future income?

Group of answer choices

No change

Unknown

Decreases

Increases

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Question 8

1pts

What happens to equilibrium price level if prices of resources increase?

Group of answer choices

Unknown

Increases

Decreases

No change

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Question 9

1pts

What happens to the aggregate demand if real interest rate increases?

Group of answer choices

Increases

No change

Unknown

Decreases