Understanding Aggregate Demand Concepts

Understanding Aggregate Demand Concepts

12th Grade

12 Qs

quiz-placeholder

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Understanding Aggregate Demand Concepts

Understanding Aggregate Demand Concepts

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Patrick Herrera

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes Aggregate Demand (AD) in an economy?

The total supply of goods and services produced within an economy at a given overall price level and in a given time period.

The total demand for goods and services within an economy at a given overall price level and in a given time period.

The total amount of money in circulation within an economy.

The total amount of goods and services that households are willing to purchase at a given price level.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors would cause a rightward shift in the Aggregate Demand curve?

An increase in interest rates.

A decrease in consumer confidence.

An increase in government spending.

A decrease in the money supply.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net exports.

Net imports.

Total consumption.

Total investment.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

500

600

700

800

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following graphs correctly represents a typical Aggregate Demand curve?

A vertical line.

A horizontal line.

A downward sloping line from left to right.

An upward sloping line from left to right.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect on the Aggregate Demand curve if there is a significant increase in consumer wealth?

The AD curve shifts to the left.

The AD curve shifts to the right.

The AD curve becomes steeper.

The AD curve becomes flatter.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would likely cause a leftward shift in the Aggregate Demand curve?

A decrease in taxes.

An increase in consumer savings.

An increase in exports.

A decrease in interest rates.

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