Aggregate demand & aggregate supply
Quiz
•
Specialty
•
12th Grade
•
Practice Problem
•
Medium
Rene Mena
Used 532+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does the vertical axis represent on the aggregate demand curve?
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is not a determinant of aggregate demand ?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The foreign purchases effect suggests that a decrease in Canada's price level relative to other countries will:
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The aggregate supply curve (short-run) slopes upward and to the right because:
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Refer to the above diagram. If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be:
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The intersection of the aggregate demand and aggregate supply curve occurs at the economy’s equilibrium level of
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If exports from the United States increased, what would most likely happen to real gross domestic product and price level?
Real GDP / Price Level
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