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Self-Quiz Unit 4

Self-Quiz Unit 4

Q Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text There has been a decrease in investment. As a result, real GDP will ________ in the short run, and ________ in the long run. Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text Short-run macroeconomic equilibrium occurs when: Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text A decrease in aggregate demand results in a(n) ________ in the ________. Question 4 Correct Mark 1.00 out of 1.00 Flag question Question text A decrease in aggregate demand causes a decrease in ________ only in the short run, but causes a decrease in ________ in both the short run and the long run.

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1.The correct answer is: decrease; increase to its initial level 2.The correct answer is: aggregate demand and short-run aggregate supply intersect. 3.The correct answer is: recession; short run