AD/AS check

Which is AS?

• 1

• 2

• 3

• 4

Which is AD?

• 1

• 2

• 3

• 4

Which is Price Level (PL)?

• 1

• 2

• 3

• 4

Which is real output?

• 1

• 2

• 3

• 4

Which is real GDP?

• 1

• 2

• 3

• 4

Which is the equilibrium price level (PLe)?

• 1

• 2

• 5

• 6

• 7

Which is the equilibrium national output (Ye)?

• 1

• 2

• 5

• 6

• 7

Which is the full employment/maximum sustainable use of resources?

• 1

• 2

• 5

• 7

• 8

Which is recessionary gap?

• 1

• 2

• 6

• 7

• 8

Which graph shows the result of an increase in income taxes? (Short term.)

• AD decrease

• AD increase

• AS decrease

• AS increase

Answer explanation

This will reduce consumption and thus AD.