IB Econ (AD)

IB Econ (AD)

Professional Development

30 Qs

quiz-placeholder

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IB Econ (AD)

IB Econ (AD)

Assessment

Quiz

Business

Professional Development

Medium

Created by

tran tai

Used 5+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does aggregate demand (AD) represent?
The total supply of goods in an economy
The value of total demand for all goods and services in the economy per time period
The income of households
The total exports of a country

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why is the AD curve downward sloping?
Higher prices increase purchasing power
Lower prices decrease investment
A lower average price level allows greater purchasing power
A higher price level increases exports

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the correct formula for calculating AD?
AD = C + G + X - M
AD = C + I + G + X - M
AD = C + I + X
AD = G + I + C

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the largest component of AD?
Investment (I)
Net exports (X-M)
Consumption (C)
Government spending (G)

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What does investment (I) refer to in AD?
Household spending on goods and services
Firms' expenditure on capital goods to increase productive capacity
Government expenditure on infrastructure
The amount of money saved in banks

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the impact of higher interest rates on consumption?
Increases consumption
Reduces consumption
No impact
Increases imports

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which factor is NOT a determinant of consumption (C)?
Consumer confidence
Business taxes
Interest rates
Household indebtedness

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