Aggregate demand may be measured by adding

Economics Quiz

Quiz
•
Others
•
12th Grade
•
Hard
Angelita A
FREE Resource
43 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
consumption, investment, savings, and imports
savings, government spending, and business inventories
consumption, investment, government spending, and net exports
domestic private expenditures and government spending
domestic expenditures and imports
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The graph above shows the macroeconomic conditions of Wattsonia. Many economists estimate that the natural rate of unemployment is 6 percent. If this is true and the current rate of unemployment is 9.1 percent, at what rate of real gross domestic product is the economy currently producing?
Less than Y1
At Y1
At Y2
Greater than Y1 and less than Y2
Greater than Y2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economy of a country is currently in equilibrium at point A in the diagram above. If the government does nothing and wages are flexible, which of the following will most likely occur in the long run?
Falling wages will shift the aggregate demand curve to the right, producing full employment.
Rising wages will shift the aggregate demand curve to the right, producing full employment.
The economy will remain at point A.
Rising wages will shift the aggregate supply curve to the right, producing full employment.
Falling wages will shift the aggregate supply curve to the right, producing full employment.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assume that the economy is at full-employment equilibrium in the diagram shown above. Which of the following would lead to stagflation?
A leftward shift of the short-run aggregate supply curve only
A rightward shift of the short-run aggregate supply curve only
A leftward shift of the aggregate demand curve only
A rightward shift of the aggregate demand curve only
A rightward shift in both the short-run aggregate supply curve and the aggregate demand curve
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The intersection of the aggregate supply curve and the aggregate demand curve occurs at the economy's equilibrium level of
real investment and the interest rate
real disposable income and unemployment
real national output and the price level
government expenditures and taxes
imports and exports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major advantage of automatic stabilizers in fiscal policy is that they
reduce the public debt
increase the possibility of a balanced budget
stabilize the unemployment rate
go into effect without passage of new legislation
automatically reduce the inflation rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the government increases expenditures on goods and services and increases taxation by the same amount, which of the following will occur?
Aggregate demand will be unchanged.
Aggregate demand will increase.
Interest rates will decrease.
The money supply will decrease.
The money supply will increase.
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