ECO 102 MIDTERM EXAM
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ECO 102 MIDTERM EXAM ECO 102 MIDTERM EX 3
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1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...
- Exam (elaborations)
- • 7 pages's •
-
ECO 102 MIDTERM EXAM•ECO 102 MIDTERM EXAM
Preview 1 out of 7 pages
1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...
1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...
- Exam (elaborations)
- • 7 pages's •
-
ECO 102 MIDTERM EXAM•ECO 102 MIDTERM EXAM
Preview 1 out of 7 pages
1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...
1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...
- Exam (elaborations)
- • 7 pages's •
-
ECO 102 MIDTERM EXAM•ECO 102 MIDTERM EXAM
Preview 2 out of 7 pages
1) On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve
c. rise in the price level that caused an excess demand for output
d. rightward shift of the aggregate demand curve
e. decrease in the price level that caused an excess supply of output
2) Economic fluctuations (or business cycles)
a. Are changes in the number of business started
b. are fluctuat...