econ questions, give correct answers. multiple answers possible in some questions

Question 1 (1 point) What does the Yaxis represent on the aggregate demand curve? 0 National output 0 Price level 0 Real GDP 0 Real GDP per capita Question 2 (1 point) Which of the following does NOT enter the aggregate demand directly? 0 Changes in firms' investment 0 Changes in consumer spending 0 Changes in government transfers 0 Changes in government spending Question 3 (1 point) The aggregate supply curve in the short run because ______ (Select all that apply): [3 Slopes upward / Higher prices generally translate into higher profits Q Is vertical / Wages and other input prices adjust quickly to changes in the price level [3 Slopes upward / Some input prices adjust slowly to changes in the price level [3 Is vertical / Firms adjust final product prices as input prices increase Question 4 (1 point) The intersection of the aggregate demand and aggregate supply curve occurs at the economy's equilibrium level of: 0 Real domestic output and the price level 0 Real interest rate and prices 0 Real wages and unemployment 0 Nominal wages and the interest rate Question 5 (1 point) What would most likely happen to Canada's Real GDP and Price Level If exports to the United States increased? (GDP/ Price Level) 0 Increase/Increase O Decrease/Increase O Increase/No change 0 Decrease/ Decrease Question 6 (1 point) The exact point at which an economy switches from experiencing falling output and employment to experiencing growing output and employment, is called: 0 Recession 0 Expansion 0 Business-cycle peak 0 Business-cycle trough Question 7 (1 point) The wealth effect states that higher prices ______ the purchasing power of households' savings, causing a ______ the AD curve. 0 Increase / Rightward movement along 0 Reduce / Leftward movement along 0 Increase / Rightward shift of the 0 Reduce / Leftward shift of the