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Unit 3 Exam MCQ Review
Quiz by Mike Speer
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Which of the following changes would cause an economy’s aggregate demand curve to shift to the right?
One explanation for the downward slope of the aggregate demand curve is that when the price level increases, which of the following will decrease?Â
The table shows the level of household savings at various levels of disposable income in a country. Based on the data on savings and disposable income in the table above, what are the income tax multiplier and the spending multiplier?
In an economy the marginal propensity to consume is 0.90, and gross domestic product (GDP) is $100 billion. If gross private domestic investment declines by $2 billion, then GDP will
Which of the following would most likely cause a rightward shift in an economy's aggregate supply curve?
The short-run aggregate supply curve would be vertical if
Given the graph of the short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves above,
Which of the following would most likely lead to cost-push inflation in the short run?
Which of the following will most likely occur as a result of an increase in labor productivity in an economy?
Given the situation shown in the graph, ifno policy action were taken, which of the following changes would move the economy to its long-run equilibrium?
