Aggregate Supply & Demand

Aggregate Supply & Demand

University

10 Qs

quiz-placeholder

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Aggregate Supply & Demand

Aggregate Supply & Demand

Assessment

Quiz

Social Studies

University

Hard

Created by

Yo Ma

Used 920+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following equations represents Aggregate Demand

GDP = X + I + C + (Y - Z)

GDP = C + I + G + (X - M)

GDP = C + I + X + (G - T)

GDP = (1/MPS)*G + I + C

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following events will increase the Aggregate Demand in the economy. Check all that apply.

The government increasing Income Tax

The Fed lowering interest rates

A rise in the cost of raw material

A supply shock like a new production technology

An increase in consumer confidence

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The amount of money that companies pay to maintain or replace its existing capital is called ______________

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Consumption in the economy depends on all these factors EXCEPT.

Corporate Taxes

Consumer Confidence

Income Tax

Interest Rates

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If a country imports more than it exports, it is experiencing a _______________

Budget Surplus

Budget Deficit

Trade Surplus

Trade Deficit

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are examples of automatic stabilizers (check all that apply)

Progressive Income Tax

Unemployment Compensation

Balanced Budget Ammendment

Spending on a Military Conflict

Welfare Payments

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If the government lowers taxes and increases spending, this is likely to lead to ___________ inflation

Public-pushed

Demand-pulled

Cost-pushed

Hyperinflation

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