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Aggregate Demand and Aggregate Supply Flashcards | StudBud
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Aggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate Supply
6 terms
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StudBud Administration
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Short quiz on aggregate demand and aggregate supply.
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
If the government invests in education and training you would expect ....
AS to shift right
AD to shift left
AD to shift right
AS to shift left
2
Which of these is not a component of AD?
S
X
G
C
3
In the long run the AS curve is ...
Vertical
Short
Horizontal
Flat
4
In the short run the only factor of production that can change is .....
Labour
Land
Capital
5
What should happen to consumption if interest rates are reduced?
Increases
Decreases
Stays the same
Turns negative
6
If AD expands quicker than AS the economy may experience....
Deflation
Full employment
Increases unemployment
Inflation