3.7-3.9 AP Macro

3.7-3.9 AP Macro

12th Grade

17 Qs

quiz-placeholder

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3.7-3.9 AP Macro

3.7-3.9 AP Macro

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Angela Hack

Used 37+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Decreases in the stock market decrease AD by decreasing which of the following?

Consumer wealth

The price level

Capital stock

Interest rates

Tax revenues

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would NOT cause a shift in AD?

A reduction in income tax

A reduction in interest rates

An increase in government spending

A fall in the cost of production

A change in exports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will shift AD to the right?

A decrease in wealth

Pessimistic consumer expectations

Firms purchase capital stock

Increased productivity of workers

Consumer income abroad decreases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will shift the AS curve?

A change in nominal wages

A decrease in personal income taxes

A change in government spending

An increase in interest rates

A change in price level

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will cause a negative supply shock?

A technological advance

An increase in productivity

An increase in oil prices

A decrease in nominal wages

Government regulations are removed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During stagflation, the price level will ____ and real GDP will ___.

decrease; increase

decrease; decrease

increase; increase

increase; decrease

stay the same; decrease

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy at long-run AS is operating at:

full employment

less than full employment

greater than full employment

high cyclical unemployment

greater than the natural rate of unemployment

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