sison 9

When there is an increase in the expected price level, the short-run aggregate supply curve shifts ................

• leftward

• rightward

When there is a decrease in government purchases, the aggregate demand curve shifts ................

• leftward
  

• rightward

Which of the followings is the main purpose of model of aggregate demand and aggregate supply?

• To analyze both short-run and long-run fluctuations

• To analyze long-run fluctuations

• To analyze short-run fluctuations

When there is an increase in the quantity of labor available, the short-run aggregate supply curve shifts ................

• leftward

• rightward

When there is depreciation of currency, the aggregate demand curve shifts ................

• rightward

• leftward

When there is less investment spending, the aggregate demand curve shifts ................

• leftward

• rightward

When there is an advance in technological knowledge, the short-run aggregate supply curve shifts ................

• rightward

• leftward

When there is an increase in the availability of natural resources, the short-run aggregate supply curve shifts ................

• leftward

• rightward

When there is a decrease in physical capital, the short-run aggregate supply curve shifts ................

• leftward

• rightward

When government cuts taxes, the aggregate demand curve shifts ................

• leftward

• rightward