Ch17 Aggregate Demand and Supply Concepts

Ch17 Aggregate Demand and Supply Concepts

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Chloe Zhang

FREE Resource

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14 questions

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1.

FLASHCARD QUESTION

Front

What are the four components of aggregate demand (Y)?

Back

Consumption (C), Investment (I), Government Spending (G), Net Exports (X – M). Y = C + I + G + (X – M).

2.

FLASHCARD QUESTION

Front

What are the determinants of consumption in aggregate demand?

Back

Level of disposable income, rate of interest, availability of credit, expectations, distribution of income.

3.

FLASHCARD QUESTION

Front

What factors determine investment in aggregate demand?

Back

Rate of interest, cost of capital goods, technology, changes in demand, government policy, expectations.

4.

FLASHCARD QUESTION

Front

What influences government spending in aggregate demand?

Back

Tax revenue, government policy, demographic change.

5.

FLASHCARD QUESTION

Front

What factors affect net exports in aggregate demand?

Back

Own GDP, GDP of other countries, exchange rate, price and quality competitiveness of exports and imports.

6.

FLASHCARD QUESTION

Front

Why is the aggregate demand (AD) curve downward sloping?

Back

Because aggregate demand falls when the price level rises and increases when the price level falls.

7.

FLASHCARD QUESTION

Front

What causes a movement along the AD curve?

Back

A change in the price level.

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