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Figure 33-3 Refer to Figure 33-3. Starting from point B and assuming that aggregate demand is held constant, in the long run the economy is likely to experience a

When there is an excess supply of money,

When the Fed buys government bonds, the reserves of the banking system

An increase in the expected price level shifts

Figure 33-5 ​ Refer to Figure 33-5. Suppose the economy starts at Point R. If aggregate demand increases from AD 2 to AD 3, then in the short run the economy moves to

Scenario 33-2 Imagine that in the current year the economy is in long-run equilibrium. Then the federal government reduces its purchases of goods by 50%. Refer to Scenario 33-2. How is the new long-run equilibrium different from the original one?

Which of the following shifts the long-run aggregate supply curve to the left?

Which of the following properly describes the interest-rate effect that helps explain the slope of the aggregate-demand curve?

Scenario 33-1 Suppose that political instability in other countries makes people fear for the value of their assets in these countries so that they desire to purchase more U.S assets. Refer to Scenario 33-1. What would the change in the interest rate created by foreigners wanting to buy more U.S. assets do to investment spending in the United States?

Shifts in aggregate demand affect the price level in