Exam 13: Business Fluctuations

The U.S.stock of physical capital was:

An unexpected increase in money growth leads to increased real GDP growth in:

The largest single shock to aggregate demand in U.S.history occurred in the early 1930s.What was it?

Increased wealth represents a positive AD shock.

An unexpected increase in export growth is a:

If spending growth is 3% and real GDP growth is 2%,what is the inflation rate?

If the growth rate of spending increases from 3% to 5%,then:

According to the AD-AS model,demand shocks affect real GDP growth while real shocks do not affect real GDP growth.

According to the AD-AS model,if the economy is initially at its long-run potential growth rate,then a temporary increase in the growth rate of investment spending will cause:

If velocity is constant,the growth rate of the money supply is 2%,and inflation is 3%,then real output growth will be:

The aggregate demand curve is:

Which of the following is a real shock that contributed to the economic contraction during the Great Depression?

Changes in $\vec { v }$ tend to be _____,and changes in $\vec { M }$ tend to be _____.

Which of the following factors would NOT cause aggregate demand to increase?

All the combinations of inflation and real growth consistent with a specific rate of spending growth is called the:

The term "business fluctuations" refers to:

An unexpected increase in money growth leads to increased inflation in:

Which of the following describes the process through which a major decline in the stock market leads to a change in aggregate demand?

The aggregate demand curve shows that for specified spending growth rates,inflation rates and real GDP growth rates are inversely related in the short run.

Using a graph of the AD and long-run aggregate supply curves,the Internet revolution of the 1990s caused: