Ashford University - ECO 203

1)Aggregate supply will shift when there is a change in all or any of the following EXCEPT           .

2. In a market economy,                       occurs when                           rates fall below 0%.

3. If both the aggregate supply and aggregate demand curves shift to the left by the same horizontal distance, what happens to output and the price level?

4. Tomas is an economist who specializes in evaluating and comparing aggregate supply curves. This type of economic curve relates                                          .

5. The presence of discouraged workers—those who want a job but have given up looking for one—may cause                                .

6. Economic growth is mainly the result of                        .

7. The slope of the aggregate supply (AS) curve                           .