
Chapter 8 AD & AS
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Darnell Laws
Used 14+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The AD curve shows the various amounts of real output that people are willing and able to
buy at different income levels.
buy at different price levels
sell at different profit levels
sell at different price levels
None of the answers are correct
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in the price level
shifts the AD curve to the right.
shifts the AD curve to the left.
causes an upward movement along the existing AD curve
causes a downward movement along the existing AD curve
none of the answers are correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in labor's productivity will cause the SRAS curve to shift __________ and the price level to __________.
leftward; increase
rightward; decrease
rightward; increase
leftward; decrease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in the price of a nonlabor input such as electricity will cause
a movement down the SRAS curve
a movement up the SRAS curve
a leftward shift in the SRAS curve
a rightward shift in the SRAS curve
no change regarding the SRAS curve
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Short-run equilibrium exists
where the AD curve intersects the short-run aggregate supply (SRAS) curve.
where the AD curve intersects the long-run aggregate supply (LRAS) curve.
on the AD curve only.
on the SRAS curve only.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If consumption increases,
the SRAS curve will shift rightward, which will push the price level up
the SRAS curve will shift leftward, which will push the price level up
the AD curve will shift leftward, which will push the price level down
the AD curve will shift rightward, which will push the price level up
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If aggregate quantity supplied is greater than aggregate quantity demanded at a particular price level, then a
shortage exists and consumers will bid the price level up
surplus exists and consumers will bid the price level up
surplus exists and the price level will decline
shortage exists and the price level will decline
surplus exists and the price level will decline & shortage exists and the price level will decline
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