Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply

University

15 Qs

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Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply

Assessment

Quiz

Other

University

Hard

Created by

Ngà Thị

Used 214+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the classical dichotomy and monetary neutrality hold in the long run, then the long-run aggregate supply curve should be vertical.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a country’s central bank increases the money supply, the aggregate demand curve shifts to the left.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the long run, an increase in government spending tends to increase output and prices.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

According to the interest rate effect, aggregate demand slopes downward (negatively) because

lower prices increase money holdings, decrease lending, interest rates rise, and investment spending falls.

lower prices increase the value of money holdings and consumer spending increases

lower prices decrease the value of money holdings and consumer spending decreases.

lower prices reduce money holdings, increase lending, interest rates fall, and investment spending increases.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would not cause a shift in the long-run aggregate supply curve?

An increase in the available capital

An increase in the available labourd

An increase in the available technologye

An increase in price expectations

All of these answers shift the long-run aggregate supply curve

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a reason why the aggregate demand curve slopes downward?

The exchange-rate effect

The wealth effect.

The classical dichotomy/monetary neutrality effects.

The interest-rate effect

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to

shift the short-run aggregate supply curve to the left.

shift the aggregate demand curve to the right.

shift the short-run aggregate supply curve to the right.

shift the aggregate demand curve to the left.

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