TUTORIAL 3 ECON 602
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TUTORIAL 3 ECON 602
Quiz
•
Business
•
University
•
Practice Problem
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Hard
Nur Ruslan
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10 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the concept of equilibrium in economics?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the four components of aggregate demand?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What occurs when aggregate demand equals aggregate supply?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the formula for consumption in relation to income?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the break-even income level?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the two types of investment?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the difference between autonomous and induced investment?
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