ECON1022 - Chapter 10

ECON1022 - Chapter 10

University

5 Qs

quiz-placeholder

Similar activities

1022B - Chapter 11

1022B - Chapter 11

University

5 Qs

Review - Chapter 6 and Chapter 7 - ECON1022

Review - Chapter 6 and Chapter 7 - ECON1022

University

7 Qs

AP Macro Circular Flow GDP

AP Macro Circular Flow GDP

10th Grade - University

9 Qs

6SW3.2.1 ARTICLE 3: Economy of Canada QUESTIONS

6SW3.2.1 ARTICLE 3: Economy of Canada QUESTIONS

6th Grade - University

10 Qs

Aggregate Demand and Supply in Macroeconomics

Aggregate Demand and Supply in Macroeconomics

University

10 Qs

Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply

University

10 Qs

Aggregate Supply and Aggregate Demand

Aggregate Supply and Aggregate Demand

University

10 Qs

Aggregate Demand and Macroeconomics

Aggregate Demand and Macroeconomics

University

10 Qs

ECON1022 - Chapter 10

ECON1022 - Chapter 10

Assessment

Quiz

Social Studies

University

Medium

Created by

Phuong Vu

Used 6+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

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