
2023 C2 H1 Econ Quiz on ADAS
Quiz
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Other
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12th Grade
•
Practice Problem
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Medium
Deborah Yin
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a 4-sector circular flow of income, we understand that national income = National Expenditure = National Output
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Singapore has a small multiplier size because Government has raised GST.
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Aggregate demand refers to the total demand for all final goods and services newly produced.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A change in import expenditure will always cause AD to shift.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An optimistic outlook could cause both C and I to increase.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Keynesian Range of the AS is where there is
excess capacity
demand-deficient unemployment
prices remain stable
all of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in cost of raw materials will shift
horizontal & upward range of AS down
horizontal & upward range of AS up
vertical AS to the left
entire AS to the left & upaward
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