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Chapter 13

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
show aggregate demand curve  
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show aggregate demand and aggregate supply model  
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a curve that shows the relationship in the short run between the price level and the quantity of real gdp supplied by firms   show
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show investment and consumption spending  
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best describes the wealth effect   show
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potential gdp refers to the level of   show
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is vertical   show
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show the aggregate demand and short run aggregate supply curves intersect at a point on the long run aggregate supply curve  
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in the dynamic aggregated demand and aggregate supply, if ad shifts further than as   show
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show when the price levels falls, the real value of household wealth rises, and so will consumption  
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show higher interest rates and lower investment  
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the international trade effect refers to the fact that an increases in the price level will result in   show
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Created by: nykayla