
3.7-3.9 AP Macro
Authored by Angela Hack
Social Studies
12th Grade
Used 37+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decreases in the stock market decrease AD by decreasing which of the following?
Consumer wealth
The price level
Capital stock
Interest rates
Tax revenues
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would NOT cause a shift in AD?
A reduction in income tax
A reduction in interest rates
An increase in government spending
A fall in the cost of production
A change in exports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will shift AD to the right?
A decrease in wealth
Pessimistic consumer expectations
Firms purchase capital stock
Increased productivity of workers
Consumer income abroad decreases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will shift the AS curve?
A change in nominal wages
A decrease in personal income taxes
A change in government spending
An increase in interest rates
A change in price level
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will cause a negative supply shock?
A technological advance
An increase in productivity
An increase in oil prices
A decrease in nominal wages
Government regulations are removed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During stagflation, the price level will ____ and real GDP will ___.
decrease; increase
decrease; decrease
increase; increase
increase; decrease
stay the same; decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy at long-run AS is operating at:
full employment
less than full employment
greater than full employment
high cyclical unemployment
greater than the natural rate of unemployment
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