Economics - Christmas Quiz

Economics - Christmas Quiz

12th Grade

25 Qs

quiz-placeholder

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Economics - Christmas Quiz

Economics - Christmas Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Michael Tucker

Used 9+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As an economy nears full employment, the aggregate supply curve tends to:

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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