AD/AS Practice

AD/AS Practice

12th Grade

17 Qs

quiz-placeholder

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AD/AS Practice

AD/AS Practice

Assessment

Quiz

Business

12th Grade

Easy

Created by

Shannon Lane

Used 6+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the AD curve represent?
The total output supplied at various price levels
The total demand for goods and services at various price levels
Government spending over time
The value of net exports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would cause a rightward shift in the AD curve?
An increase in interest rates
A fall in government spending
An increase in consumer confidence
Higher taxes on income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component is NOT part of Aggregate Demand?
Consumption
Investment
Net exports
Wages

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in aggregate supply may be caused by:
A fall in oil prices
Increased productivity
Higher wage costs
Technological improvements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the AD/AS model, an increase in exports will likely:
Shift the AS curve to the left
Shift the AD curve to the right
Cause a movement along the AD curve
Have no impact on GDP

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A leftward shift in the AS curve is likely to cause:
Lower prices and output
Higher prices and lower output
Higher output and stable prices
A recession with deflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If AD shifts left, what happens to real GDP and price level?
GDP falls, price level rises
GDP and price level both fall
GDP rises, price level falls
No change in GDP or price level

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