Question 1 Aggregate Demand (AD) is defined as C + 1 + G + (X-M). X refers to Not yet answered Select one: Points out of 1.00 O a. export expenditure Flag O b. Y factor question O c. exchange O d. X factor Z uoneend Economic growth is shown in the AS-AD model as a Not yet answered Select one: Points out of 1.00 O a. leftward shift in the short run AS curve. Flag O b. rightward shift in the AD curve. question O c. rightward shift in the long run AS curve. O d. rightward shift in the short run AS curve. Question 3 If an economist needs to use a model that collectively reflects the interconnections and the entire market supply and demand relationships, which model is the best to use? Not yet answered Select one: Points out of O a. The AD-AS model. 1.00 Flag O b. The cyclical unemployment model. question O c. The general equilibrium model O d. The frictional employment model. Question 4 If the aggregate supply increases, the Not yet answered Select one: Points out of 1.00 O a. price level in an economy falls Flag O b. demand would stay the same question O c. real GDP decreases O d. price level in an economy rise Question 5 If the government saw that consumer confidence was low, what step can it take to shift the AD to the right? Not yet answered Select one: Points out of 1.00 O a. Government can decrease its spending. Flag O b. Congress can pass tax cuts. uogsanb O c. The Federal Reserve can increase interest rates. O d. The local government could cut social programs.\fQuestion 13 Aggregate Demand (AD) is defined as C + I + G + (X-M). I refers to Not yet answered Select one: Points out of O a. infrastructure 1.00 Flag O b. interest rates uonsanh O c. investment spending O d. Industry\fQuestion 17 An increase in foreign prices relative to the price level in the U.S. will cause: Not yet answered Select one: Points out of 1.00 O a. U.S. net exports to rise. Flag O b. U.S. aggregate demand to fall. question O c. the GDP deflator to move. O d. U.S. net exports to fall.Question 18 As interest rates rise, the effect on aggregate demand is to Not yet answered Select one: Points out of 1.00 O a. increase firm borrowing and investment spending. Flag O b. increase consumer borrowing and saving. question O c. increase only firm borrowing- O d. reduce consumer borrowing and consumption spending.