Understanding Aggregate Supply: Short Run Perspective

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Business
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11th Grade - University
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus when studying aggregate supply?
The total demand in the economy
The role of consumer preferences
The factors affecting short-run and long-run supply
The impact of government policies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic models are primarily discussed in relation to aggregate supply?
Monetarist and Supply-Side
Classical and Keynesian
Neoclassical and Behavioral
Marxist and Institutional
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the short run, what is assumed about factor prices?
They are variable
They are fixed
They are decreasing
They are increasing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the price level when short-run output exceeds productive capacity?
It fluctuates randomly
It remains constant
It increases
It decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes an outward shift in the short-run aggregate supply curve?
A rise in taxes
An increase in costs
A decrease in costs
A fall in subsidies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would cause an inward shift in the short-run aggregate supply curve?
A decrease in wage rates
A decrease in raw material prices
An increase in exchange rates
An increase in indirect taxes
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do exchange rates affect the short-run aggregate supply curve?
Lower exchange rates increase costs
Higher exchange rates increase costs
Exchange rates have no effect
Higher exchange rates decrease costs
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