If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied ________ and there is a movement along the _______ aggregate supply curve.
ECON1022 - Chapter 10

Quiz
•
Social Studies
•
University
•
Medium

Phuong Vu
Used 6+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
increases; short-run
increases; long-run
does not change; short-run
does not change; long-run
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements illustrate fiscal policy?
The Bank of Canada has increased its reserve requirement.
The Government of Canada has proposed a hike in the corporate tax rate.
A stronger dollar has lowered Canadian exports.
A rise in the expected future profits has increased Canadian investments.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following economies is facing a stagflation?
The European economy is experiencing a decrease in real GDP for three quarters and a rise in the price level
The Chinese economy is facing a rising labour cost.
The Bank of Canada is purchasing government securities to lower the interest rate.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Toyota and Honda build additional plants in Canada. This event ________short-run aggregate supply and _______ long-run aggregate supply.
increase; does not change
does not change; does not change
does not change; increases
increases; increases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Long-run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when real GDP equals potential GDP
TRUE
FALSE
Similar Resources on Wayground
10 questions
Hyperinflation in Venezuela

Quiz
•
7th Grade - University
10 questions
Concepts of GDP Quiz

Quiz
•
University
10 questions
Macroeconomics - Chapter III (GDP as a Measure of Welfare)

Quiz
•
University
5 questions
1022B - Chapter 11

Quiz
•
University
9 questions
Mods 2.1-2.2: Circular Flow & GDP

Quiz
•
10th Grade - University
10 questions
6SW3.2.1 ARTICLE 3: Economy of Canada QUESTIONS

Quiz
•
6th Grade - University
10 questions
6th Grade Unit 6 LP 4 Formative Assessment

Quiz
•
6th Grade - University
10 questions
GDP Test

Quiz
•
University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade