Aggregate Demand and Supply Practice- Macro Topic 3.5 and 3.6

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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.
OPEN ENDED QUESTION
3 mins • 1 pt
How does a recession affect unemployment and GDP?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is stagflation and how does it differ from a typical recession?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
How does the wording of a question affect the interpretation of economic scenarios?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the relationship between aggregate demand and consumer spending?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What happens to the price level and GDP when government deficit spending increases?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the effects of an increase in human capital on aggregate supply.
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the impact of an increase in interest rates on aggregate demand.
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