As an economy nears full employment, the aggregate supply curve tends to:
Economics - Christmas Quiz

Quiz
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Other
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12th Grade
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Hard
Michael Tucker
Used 9+ times
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Become flatter
Become steeper
Shift to the left
Shift to the right
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is seen as an example of an injection into the circular flow of income?
Imports
Taxation
Consumption
Saving
Exports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does aggregate demand express?
The quantity of goods and services produced in an economy
The quantity of goods and services demanded in an economy
The quantity of goods produced in an economy
The quantity of services demanded in an economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following sources of purchases is not included in aggregate demand?
Businesses
Consumers
Foreigners
Government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the horizontal axis of the aggregate demand curve?
Interest rate
Price Level
Inputs
Output or income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the vertical axis of the aggregate demand curve?
Price level
Income
Output
Interest rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the aggregate supply curve show?
The total demand for goods and services in an economy
The supply of goods in an economy
The supply of services in an economy
The total supply of goods and services in an economy
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