Home Library Explore SAT

Home Library Explore SAT

Duplicate of Aggregate Supply and Aggregate Demand Flashcards | StudBud

Explore/Duplicate of Aggregate Supply and Aggregate Demand

Duplicate of Aggregate Supply and Aggregate Demand

10 terms·StudBud Administration·73 plays

Quiz on the basics of AD and AS #Aggregatedemand #aggregatesupply

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
A rise in the interest rate causes
a rightward shift of the AD curve
movement along the AS curve
a leftward shift of the AD curve
movement along the AD curve
2
An law which decreases retirement benefits to workers will cause
SRAS to decrease
SRAS to shift left
SRAS to shift right
cause higher unemployment
3
The short run in economics is
when factor prices are flexible
6 months
1 year
when factor prices are fixed
4
Which of the following will shift the AD curve to the right?
a decrease in wealth
increase in military spending
increase in interest rates
pessimistic consumer expectations
5
A fall in personal tax rates causes
a leftward shift of the AD curve due to I
a right ward shift of the AD curve due to C
a leftward shift of the AD curve due to C
a rightward shift of the AS curve
6
Fear of unemployment increasing next year leads to
Rightward shift of AD due to I
Rightward shift of AD due to C
Leftward shift of AD due to X
Leftward shift of AD due to C and I
7
What causes the upward slope of the AS curve?
increase interest rates
decrease in taxes
supply shocks
profit motive
8
Aggregate demand measures
the goods and services produced in an economy
the goods and services bought in an economy
the demand for a specific good in an economy
when you feel aggravated by shopping too much
9
Decreases in the stock market decrease aggregate demand by decreasing which of the following?
consumer wealth
tax revenues
the price level
interest rates
10
When desktop computers came onto the scene,
AD shifted left
AS shifted right
AS shifted left
AS did not change