Explanation studying for finals

SRAS. AD Aggregate Output (Q) Oa. SRAS,; P. Ob. SRAS,; P, Oc. SRAS,; P, Od. SRAS,; P 15. Simultaneous recession and deflation can be explained by: Oa. an increase in aggregate supply. Ob. a decrease in aggregate supply. Oc. an increase in aggregate demand. Od. a decrease in aggregate demand. 16. Which of the following tends to make aggregate demand decrease by more than the amount that consumer spending decreases? Oa. the multiplier effect Ob. the crowding-out effect Oc. the interest rate effect Od. the wealth effect 17. What would cause the price level to decrease and employment to increase? Qa. a shift to the left of the SRAS curve Ob. a shift to the left of the AD curve Oc. a shift to the right of the AD curve Od. a shift to the right of the SRAS curve 18. Cost-push inflation is a situation in which the: Oa. aggregate demand curve shifts leftward. Ob. short-run aggregate supply curve shifts leftward. Oc. short-run aggregate supply curve shifts rightward. Od. aggregate demand curve shifts rightward. 19. 1 If the intersection of the short-run aggregate supply and the aggregate demand curves also intersects the long-run aggregate supply curve, then the economy is: Oa. at full employment. Ob. operating at more than full employment