Elements in the economic fluctuations model include which of the following? Select all that apply.ResponsesA an equilibrium at the intersection between an aggregate supply curve and an aggregate demand curvean equilibrium at the intersection between an aggregate supply curve and an aggregate demand curveB an aggregate supply curvean aggregate supply curveC an inflation adjustment linean inflation adjustment lineD an aggregate demand curve

When inflation decreases,ResponsesA the aggregate demand curve shifts to the right.the aggregate demand curve shifts to the right.B there is an upward movement along the aggregate demand curve.there is an upward movement along the aggregate demand curve.C there is a downward movement along the aggregate demand curve.there is a downward movement along the aggregate demand curve.D the aggregate demand curve shifts to the left.

48.Keynesian economists believe that in the short run, changes in aggregate demand can lead to fluctuations in:  A. Long-run economic growth  B. Potential output  C. Inflation only  D. Unemployment and output levels

Macroeconomic equilibrium occurs at a point where:Question 38Select one:a.Aggregate Demand is more than Aggregate Supplyb.Aggregate Demand is increasing and Aggregate Supply is decreasing.c.Aggregate demand is decreasing and Aggregate Supply is increasing.d.Aggregate Demand is less than Aggregate Supply.e.Aggregate Demand is equal to Aggregate Supply.

All but one of the following are characteristics of short-term economic fluctuations. Which is the exception?Group of answer choicesNone of the aboveRecessions occur at regular and predictable intervalsExpansions and recessions are felt throughout the economyDurable-goods industries are more sensitive to short-term fluctuations than service and non-durable industriesUnemployment rises during recessions

A fluctuation in aggregate variable such as income and output is known as ______