Macro Unit 3 (3.1-3.6) Practice MCQ's

Quiz
•
Social Studies
•
12th Grade
•
Hard
Scott Ruane
Used 12+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following will result in a rightward shift of the aggregate demand curve?
An increase in the income tax rate
An increase in exports
A decrease in the price level
A decrease in household income
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The diagram below shows various points on three aggregate demand (AD) curves.
A decrease in the price level will produce a movement between which of the following two points on the diagram above?
From point X to point Y
From point W to point Y
From point Z to point Y
From point Y to point Z
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is a reason why the aggregate demand curve is downward sloping?
A higher price level decreases savings.
A higher price level decreases interest rates.
A higher price level increases exports.
A higher price level decreases real wealth.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following will cause a rightward shift of the short-run aggregate supply curve?
A decrease in the costs of production
A decrease in the price level
An increase in income taxes
An increase in nominal wages
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following will most likely cause the short-run aggregate supply curve to shift to the left?
A decrease in nominal wages
A decrease in the expected rate of inflation
An increase in energy prices
An increase in the size of the labor force
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The diagram below shows two points on the short-run aggregate supply curve.
The movement from point g to point h is best described as which of the following?
A decrease in full employment output
A decrease in aggregate demand
An increase in real output due to an increase in the price level
An increase in real output due to technological change
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following will remain unchanged when the price level decreases?
Inflationary expectations
Aggregate quantity demanded
Nominal wages
Long-run aggregate supply
Create a free account and access millions of resources
Similar Resources on Wayground
21 questions
AP Macro - Unit 4 Review

Quiz
•
11th - 12th Grade
20 questions
ECON - Unit 4 Practice Test

Quiz
•
12th Grade
13 questions
3.5-3.6 Aggregate Equilibrium

Quiz
•
12th Grade
14 questions
Chapter 33 Problem Set #6

Quiz
•
9th - 12th Grade
20 questions
AP Macro Practice Exam Questions 1

Quiz
•
9th - 12th Grade
22 questions
AP Macro Unit 3 Test Review

Quiz
•
11th - 12th Grade
20 questions
3.3 Short Run Aggregate Supply - AP Macro

Quiz
•
12th Grade
20 questions
AP Econ Unit 3 Quick Review

Quiz
•
12th Grade
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
Discover more resources for Social Studies
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
62 questions
Spanish Speaking Countries, Capitals, and Locations

Quiz
•
9th - 12th Grade
20 questions
First Day of School

Quiz
•
6th - 12th Grade
6 questions
Maier - AMDM - Unit 1 - Quiz 1 - Estimation

Quiz
•
12th Grade
21 questions
Arithmetic Sequences

Quiz
•
9th - 12th Grade
21 questions
9th Grade English Diagnostic Quiz

Quiz
•
9th - 12th Grade
7 questions
Characteristics of Life

Interactive video
•
11th Grade - University