Directions: each tab is marked in order using lowercase letters. The "/" is dividing the different choices. Question 13 drop downs: a. AD / SRAS / LRAS b. Downward sloping / upward sloping / horizontal / vertical c. Production / income/ AD d. Companies / unemployed / workers e. Price / GDP / AD f. Downward sloping / upward sloping / horizontal / vertical Question 14 drop downs: a. Lower / higher / the same b. Less / more / the same amount c. Lower / higher / the same Questions 16 drop downs: a. Low / high b. Recession / boom c. Low / high d. Recession / boom

O False D Question 13 5 pts The long-run aggregate supply ( [ Select ] ) curve is [ Select ] because the economy's ability to produce goods and services, in the long run, is determined by the factors of [ Select ] and the number of [ Select ] , not the [ Select ] level. Whenever you are graphing something that is not determined by the variable on the Y-axis, you get a [ Select ] line. D Question 14 3 pts Wages are said to be "sticky" in the short run because they do not change as quickly as other prices in the economy. If wages are lower than other prices in the economy, profits will be [ Select ] for companies so they will be willing to produce [ Select ] If wages are higher than other prices in the economy, profits will be [ Select ] for companies so they won't be willing to produce as much. nts port D Question 16 4 pts If GDP is currently lower than Potential GDP, unemployment is relatively [ Select ] and the economy is in a [ Select ] If GDP is currently higher than Potential GDP, unemployment is relatively [ Select ] and the economy is in a [ Select ] D Question 17 6 pts