AP MACRO Unit review
Quiz
•
Social Studies
•
12th Grade
•
Hard
Heather Leon
Used 7+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in the price of inputs will result in which of the following in the short run?
An increase in short-run aggregate supply and an increase in long-run aggregate supply
An increase in short-run aggregate supply and a decrease in output
An increase in short-run aggregate supply and a decrease in price level
A decrease in aggregate demand and a decrease in price level
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assume that current real GDP falls short of full-employment output by $400 billion and the marginal propensity to consume is 0.8. What is the minimum increase in government spending that could bring about full employment?
$40 billion
$80 billion
$400 billion
$320 billion
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Assume the economy is in long run equilibrium and the government increases spending on healthcare
AD will shift right and an inflationary gap will result
AD will shift left and a recessionary gap will result
AS will shift right and an inflationary gap will result
AS will shift left and a recessionary gap will result
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Assume the economy is in long run equilibrium and trading partners increase the price of oil, a key resource
AD will shift right and an inflationary gap will result
AD will shift left and a recessionary gap will result
AS will shift right and an inflationary gap will result
AS will shift left and a recessionary gap will result
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Contractionary fiscal policy includes
Decreasing government spending
Tax increases
Tax decreases
Increasing government spending
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Expansionary fiscal policy includes
Decreasing government spending
Tax increases
Tax decreases
Increasing government spending
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Assume that the marginal propensity to consume is 0.75, net exports decline by $10 billion, and government spending increases by $20 billion. Given that there is no crowding out, the equilibrium gross domestic product can increase by a maximum of
$7.5 billion
$15.5 billion
$40 billion
$120 billion
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
What is Coronavirus?
Quiz
•
1st - 12th Grade
20 questions
Self Concept FSS
Quiz
•
10th - 12th Grade
18 questions
6th Form General Knowledge
Quiz
•
12th Grade
13 questions
Grade 9 preserving culture ME
Quiz
•
6th - 12th Grade
11 questions
Lifestyle changes and power during the Middle Ages
Quiz
•
8th Grade - University
13 questions
L34 Punishment and the CJS
Quiz
•
12th Grade
20 questions
East Asia: Geography & Vocab
Quiz
•
12th Grade - University
19 questions
States and Capitals
Quiz
•
4th Grade - University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Social Studies
18 questions
Early civil rights and African Americans
Quiz
•
9th - 12th Grade
20 questions
Unit 7.1 The Industrial Revolution
Quiz
•
9th - 12th Grade
13 questions
USHC 3 to North and South Advantages
Quiz
•
11th - 12th Grade
30 questions
AP Psychology: Social Psychology (4.1-4.3) Quiz
Quiz
•
12th Grade
52 questions
Unit 2 Economics (Micro and Market Structures)
Quiz
•
11th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
30 questions
Full test Unit 4: Industrial Revolution
Quiz
•
9th - 12th Grade
