Chapter 33 AD and AS
Quiz by Chen, Clara
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- Q1
Other things the same, as the price level rises, the real value of the home currency
rises, and interest rates fall
falls, and interest rates fall.
falls, and interest rates rise
rises, and interest rates rise
30s - Q2
The model of aggregate demand and aggregate supply explains the relationship between
real GDP and the price level
wages and employment
unemployment and output
the price and quantity of a particular good
120s - Q3
When your currency depreciates, US
exports increase, while imports decrease
exports and imports decrease
exports decrease, while imports increase
exports and imports increase
30s - Q4
Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people to desire
decreased consumption, which shifts the aggregate demand curve to the left.
increased consumption, which shifts the aggregate demand curve to the left.
increased consumption, which shifts the aggregate demand curve to the right.
decreased consumption, which shifts the aggregate demand curve to the right.
30s - Q5
The initial impact of an increase in an investment tax credit is to shift
aggregate demand to the right
aggregate supply to the right
aggregate supply to the left
aggregate demand to the left
30s - Q6
When taxes increase, consumption
None of the above is correct
decreases as shown by a movement to the left along a given aggregate demand curve.
decreases as shown by shifting aggregate demandto the left
increases as shown by shifting aggregate supply the left
30s - Q7
The long-run aggregate supply curve would shift to the right if immigration from abroad
decreased or the government made a substantial increase in the minimum wage
increased or the government made a substantial increase in the minimum wage
increased or the government abolished theminimum wage
decreased or the government abolished the minimum wage.
30s - Q8
Other things the same, when the price level falls, interest rates
fall, so firms decrease investment
rise, so firms increase investment
fall, so firms increase investment
rise, so firms decrease investment
120s