Hameil. Number: Column \"A" 1. Aggregate Demand 2. Aggregate Demand {All} Curve 3. Real Balance Effect 4. hlonetary Wealth 5. Purchasing Power 5. interest Rate Effect 1'. International Trade Eect B. Health 9. Exchange Rate Section: _ Part 2. Hatching: hlatch the Key tenors in Column "A" with the denitions In Column "B" by writing the bloclr letter of your choice from Column "B" in the space provided under \"A." and match the denitions in column "B" with the meanings or examples or facts in column "C" by writing the lower letter case of your choice In the space provided under column "B". Column "B" A. The value of all assets owned. both monetary and nonmonetary. B. The price of one currency in terms of another cunency. C. The quantity of goods and services that can be purchased with a unit of money. Purchasing power and the price level are inversely related: As the price level goes up tdovvni. purchasing power goes down [up]. D. The change in foreign sector spending as the price level changes. E. The changes in household and business buying as the interest rate changes [in turn. a reflection of a change in the demand for or supply of credit brought on by price level changes}. F. The value of a person's monetary assets. Wealth, as distinguished from monetary wealth, refers to the value of all assets owned. both monetary and nonmonetary. In short, a person's wealth eguals his or her monetary wealth [e.g., $1,000 cash]: plus nonmonetary wealth [e.g., a car or a house). G. The change in the purchasing power of dollar- denominated assets that results from a change in the price ievel. H. The quantity demanded of all goods and services [Real GDP} at different price levels, celen's panties. I. A curve that shows the quantity demanded of all goods it. services [Real GDP: at different price levels, ceteris paribus. Chapter 0. Aggregate Demand and Supply: Frc-Class it lnr Class Activities Pacltct Date: Column "C" A pictorial representation of the negative or inverse relationship that shows the total quantity of goods it services demanded at different price levels. celerrs pa n'b us. The sum total of cash and noncash assets or properties owned. The price of a U.S.D.{$'| in terms of a foreign currency. For example: 51 = 15 hDilll Peso. The changes in private sector spending by consumers and businesses as interest rate changes. The total quanbty of goods and services consumers are willing and able to buy in the entire economy at different price levels. ceteris paribus. The change in the value of imports and exports as the price level changes. The amount of cash on hand. that is_. wealth in the form of \"the most liquid asset" known to a human being. The change in the arrmnl of goods and servires that money can buy as a resullof changes in the price level. Measures the strength or weakness of money based on the arnounl of goods 3. services money can buy that depends on the level of prices in the eoonorny. As the price level rises [falls], the amount of goods and services that can he purchased decrease {increase}. cont'd Chapter B. Aggregate Demandand Supply: Pre-Ciass E. In- Class Activities Packet filament]. Number: Section: Date: Part 2. Matching: Match the itey terms in Column "A" with the denitions in Column "B" by writing the bloclr letter of your choice from Column "B" in the space provided under "A." and match the definitions in column "B" with the meanings or examples or facts In column I'C" by writing the lower letter case of your choice In the space provided under column "B". 14. Short Supply H. The LRAS curve is a vertical line at the level of Natural Real GDP. It represents the output the econonry produces when wages and prices have adjusted to their Column \"A" Column \"B" Cotumn "C\" 1n. Appreciaan _ J. A decrease in the value of one currency relative to j. The state of an economy when aggregate {total} otheroJrrencies. demand equals aggregate [total] supply in the short _ It. A curve that shows the quantity supplied of all goods terrn. \"jammy\" it servicestReal GDP: at ditferent prim levets, ceteris it The vertical line that shows the potential of the carious. economy to produce the maximum quantity oi goods _ L. The condition in the economy when the quantity and services at'full employment" in the long run. 12.'lfelocity demanded of Real GDP = the [short-om] quantity l. The state of an economy when aggregate {total} supplied of Real GDP. This condition is met where the demand equafs aggregate [total] supply in the long- aggregate demand curve intersects the short-mn term. 13. Aggregate guppy? 599'9939 SUPP\"? curve. or The total quantity of goods and services producers are willing and able to produce and supply in the entire economy at different price levels. ceteris paribus. The number of times a dollar changes hands in order {BRASJCuNe-Run nal equilibrium levels and when worirers do not have to buy goods and games in ayeap Managing any relevant-misperceptions. o. The amount of goods tit services produred in the _ N- The WWW\" 13131 Elm I" the economy when \"3935 economy as it achieves 'tull employment" in the long and prices have adjusted to their inall equilibrium run. _ 15.5l'iort-Run levels and when workers do not have any relevant in A weakening of one currency relative to other Equilibrium misperceptions. Graphically, long-an equilibrium occurs ' 15. Natural Real GDP 11'. Long-Run Aggregate Surely Ill-Ret Curve 1B. Long-Run Equilibrium at the intersection of the AD and LRAS curves. C. An increase in the value of one cunency relative to othercurrencies. P. The quantity supplied oi all goods and services [Heal GDP: at diFferent price levels. ceieris paribus. Q. The average number of times a dollar is spent to buy nal goods and services in a year. Ft. The Real GDP that is produced at the natural unemployment rate. The Real GDP that is prodursd r. currencies. Example: when the number of units of the national currency required to buy a foreign currency has increased in the market A pictorial representation of the positive or direct relationship that shows the total quantity goods it services supplied at different price levels. ceteri's carious. A strengthening of one currency relative to other currencies. Example: when the number of units of the national currency required to buy a foreign currency has