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The short run aggregate supply curve slopes ____because, everything else held constant, higher prices ____ producers’ profits, creating an incentive to ____output.

As foreign income rises, foreign residents buy more domestic goods, domestic exports _____, and net exports _____.

When prices go up, the purchasing power of financial assets ____, which cause households to spend _____.

Which of the following would be considered a lagging indicator?

When aggregate demand increases, all of the following result except:

A change in aggregate expenditures resulting from a change in the domestic price level that changes the price of domestic goods in relation to foreign goods is called ___

A major benefit of automatic stabilizers is that they

If the prices of output increase while the price of resources remain unchanged, business profits will _____and producers will produce _____ output.

Table 11.1Table 11.1: Price Data 200520061 pair of jeans1 pair of shoes$20$30$24$36In Table 11.1, what was the inflation rate between 2005 and 2006?

Aggregate supply could increase due to all of the following except: