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AD/SRAS/LRAS Quiz - Peterson Macroeconomics

Authored by Damon P

Social Studies

University

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AD/SRAS/LRAS Quiz - Peterson Macroeconomics
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the _____ input prices are ______ and don't adjust to inflation.

Long-Run;

sticky

Short-Run;

flexible

Long-Run;

sticky

Short-Run;

sticky

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Increased productivity

shifts the SRAS leftward.

shifts the AD curve rightward.

shifts the SRAS rightward.

shifts the AD curve leftward.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ______ shifts ________ to show economic growth

SRAS;

rightward

LRAS;

leftward.

LRAS;

Rightward

SRAS;

leftward

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following shift the AD Curve?

changes in Consumption

Changes in Gross Investment

Changes in Government Spending

all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will shift the AD curve leftward?

increase in exports

increase in imports

increase in government spending

increase in consumer spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will shift the SRAS leftward?

decrease in subsidies

increase in productivity

decrease in input costs

decrease in taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiscal Policy actions are aimed at changing the ______ to fight recession or inflation.

SRAS

AD and SRAS

LRAS

AD

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