WGU D089 EXAM WITH 100% CORRECT AND
VERIFIED ANSWERS
Correct 70
100%
Incorrect 00
Your answers
1 of 70
Definition
Crucial tool for understanding the macroeconomy,
three macroeconomic goals of steady growth, low inflation and low
unemployment, helps economist evaluate current economic conditions as
related to the business cycle.
Give this one a try later!
, Importance of the Significance of monetary
AD-AS model policy in market regulation
Role of fiscal policy in Function of supply chain analysis in
economic planning economic forecasting
Don't know?
2 of 70
Term
What is the term used when the equilibrium GDP is larger than
the potential GDP?
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Inflationary GDP Long Run Gdp
Care Gdp Structural Gdp
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3 of 70
Term
,Which key assumption does the aggregate supply curve
require in the short run?
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Capital equipment stock will
remain constant Input prices remain constant
Quantity demanded varies over the
Quantity demanded is constant time period
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4 of 70
Term
What happens when an economy experiences an adverse
supply>
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The aggregate supply curve The aggregate supply curve
shifts to the right shifts to the left
The aggregate supply curve The aggregate demand curve
remains unchanged shifts to the left
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, 5 of 70
Term
Variables that causes the shift in the AD curve:
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Demand Curves for individual goods or services slope downward
primarily because of the existence of substitute goods, not the wealth
effects, interest rates and
foreign price effects.
Individual supply and demand curves can have a variety of different
slops but slops of the AS and AD are much the same in every diagram.
Price adjustment is complete and all factor markets have cleared,
relationship between quantity of real GDP supplied and the price level is
different. Quantity of real GDP supplied is independent of the price
level.
Anything that affects the LRAS to shift, will cause the SRAS to shift in the same
direction, improvement in technology, reduction in wages, increase in
wages, loss of productivity or increase in fuel prices.
Income taxes, interest rates, expectations and exchange rate, these
cause the AD changes in the components of demand for the real
GDP like household consumption, business investment,
government spending and net exports.
Don't know?
6 of 70
VERIFIED ANSWERS
Correct 70
100%
Incorrect 00
Your answers
1 of 70
Definition
Crucial tool for understanding the macroeconomy,
three macroeconomic goals of steady growth, low inflation and low
unemployment, helps economist evaluate current economic conditions as
related to the business cycle.
Give this one a try later!
, Importance of the Significance of monetary
AD-AS model policy in market regulation
Role of fiscal policy in Function of supply chain analysis in
economic planning economic forecasting
Don't know?
2 of 70
Term
What is the term used when the equilibrium GDP is larger than
the potential GDP?
Give this one a try later!
Inflationary GDP Long Run Gdp
Care Gdp Structural Gdp
Don't know?
3 of 70
Term
,Which key assumption does the aggregate supply curve
require in the short run?
Give this one a try later!
Capital equipment stock will
remain constant Input prices remain constant
Quantity demanded varies over the
Quantity demanded is constant time period
Don't know?
4 of 70
Term
What happens when an economy experiences an adverse
supply>
Give this one a try later!
The aggregate supply curve The aggregate supply curve
shifts to the right shifts to the left
The aggregate supply curve The aggregate demand curve
remains unchanged shifts to the left
Don't know?
, 5 of 70
Term
Variables that causes the shift in the AD curve:
Give this one a try later!
Demand Curves for individual goods or services slope downward
primarily because of the existence of substitute goods, not the wealth
effects, interest rates and
foreign price effects.
Individual supply and demand curves can have a variety of different
slops but slops of the AS and AD are much the same in every diagram.
Price adjustment is complete and all factor markets have cleared,
relationship between quantity of real GDP supplied and the price level is
different. Quantity of real GDP supplied is independent of the price
level.
Anything that affects the LRAS to shift, will cause the SRAS to shift in the same
direction, improvement in technology, reduction in wages, increase in
wages, loss of productivity or increase in fuel prices.
Income taxes, interest rates, expectations and exchange rate, these
cause the AD changes in the components of demand for the real
GDP like household consumption, business investment,
government spending and net exports.
Don't know?
6 of 70
