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Macroeconomics Aggregate Demand / Aggregate Supply Recap Flashcards | StudBud
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Macroeconomics Aggregate Demand / Aggregate Supply Recap
Macroeconomics Aggregate Demand / Aggregate Supply Recap
15 terms
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StudBud Administration
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Aggregate demand and supply
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
AD = C + I + G + ?
(M-X)
M
(X-M)
X
2
Which of the following is NOT a reason for the inverse relationship of price & AD?
Wealth effect
Interest rate effect
Savings effect
International Trade effect
3
An increase in aggregate demand shifts the AD curve to the...
Right
Left
Bottom
Top
4
Which of the following is NOT an injection into the circular flow of income?
Export Receipts
Taxation
Government Spending
Investment
5
Spending by households on consumer products is called...
Saving
Government spending
Investment
Consumption Spending
6
Net exports are...
Export Receipts minus Import Payments
Import Payments minus Export Receipts
Import Payments minus taxation
Export Receipts minus taxation
7
A
decrease
in the interest rate is likely to cause which of the following to fall?
Consumption
Investment
Borrowing
Savings
8
Which of the following is NOT a component of aggregate demand?
Consumption
Investment
Government Spending
Savings
9
Which of the following does NOT cause an increase in AD?
Rising consumer expectations
Increase in income tax
Reduction in interest rates
Reduction in income tax
10
A shift to the left of the AD curve means...
An increase in investment
A decrease in savings
An increase in AD
A decrease in AD
11
Which of the following would lead to a decrease in Aggregate Supply?
Price of Oil rises
Increases in immigration decreases wages rates
Reduction in public holidays, leads to higher productivity
Price of Electricity falls
12
Which of the following is a
leakage
from the circular flow of income?
Export Receipts
Import Payments
Government Spending
Investment
13
Which of these does
not
cause a rightward shift in LRAS?
Technological improvement
Higher interest rates
A later retirement age
Increased immigration
14
Which of these causes a shift to the
right
in SRAS
A tsunami
Tax duty on fuel increases
Appreciation in exchange rate
Company tax rates increase
15
Investment is..
Firms spending on capital goods
Households putting money in the bank
Firms buying stock
Households buying shares
