AP Macro: Aggregate Supply

AP Macro: Aggregate Supply

11th - 12th Grade

35 Qs

quiz-placeholder

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AP Macro: Aggregate Supply

AP Macro: Aggregate Supply

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Jason Lee

Used 76+ times

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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a time of high inflation and high unemployment called?

Deflation
Stagflation
A Depression
Super Inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The intersection of the aggregate demand and aggregate supply curve occurs at the economy’s equilibrium level of

Nominal investment and the interest rate       
Government taxes and employment
Real disposable income and unemployment     
Real domestic output and the price level

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Refer to the above diagram. If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be: 

F and C, respectively.
G and B, respectively.
F and A, respectively.
E and B, respectively.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shows the relationship between the aggregate price level and the quantity of aggregate output supplied in the economy

Aggregated Supply
Aggregated Demand
Budget
Labor force

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy's long-run aggregate supply curve

slopes upward and to the right.
is vertical.
is horizontal.
slopes downward and to the right.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Other things equal, an improvement in productivity will: 

shift the aggregate demand curve to the left.
shift the aggregate supply curve to the left.
shift the aggregate supply curve to the right
increase the price level.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a shift factor for SRAS?

Legal Institutional Environment
Productivity
Investment
Input Prices

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