Hello. I would like to get answers for these questions. Please help me!
- Which of the following factors shifts the AS curve down and to the right?
- A fall in the mark up (m).
- An increase in the expected price level (Pe).
- An increase in unemployment insurance.
- An increase in the minimum wage.
Suppose that the economy is at a short run equilibrium where Y = Yn. In the AS-AD and IS-LM models, which of the following events does NOT change the composition of GDP in the medium run?
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- A reduction in government spending.
- A reduction in taxes
- A reduction in private savings.
- An increase in the nominal money supply.
- Suppose that the economy is at a short run equilibrium where Y = Yn. In the AS-AD and IS-LM models, a reduction in autonomous taxes will cause:
- An increase in the real wage in the medium run.
- An decrease in the real wage in the medium run
- No change in the nominal wage in the medium run.
- No change in the real wage in the medium run.
- An increase in the nominal money supply will cause which of the following in the medium run?
- No change in the real wage.
- No change in the composition of GDP.
- An increase in nominal wages.
- All of the above.
- An increase in the price of oil will cause in the short run:
- A fall in Y and P.
- An increase in P and a shift of the AD curve to the left.
- A fall in Y and an increase in P.
- An increase in the real wage.