Module 1 Check Up

Determine the effect of the following:

Increase in income

• Increase in Aggregate Demand

• Increase in Market Demand

• Increase in Market Supply

• Increase in Aggregate Supply

Determine the effect of the following:

Increase in price of imported raw materials

• Decrease in Aggregate Demand

• Increase in Market Supply

• Decrease in Aggregate Supply

• Decrease in Market Demand

Determine the effect of the following:

Increase in popularity of Electric Vehicles

• Increase in Aggregate Demand

• Decrease in Market Supply

• Decrease in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

Higher land prices

• Decrease in Aggregate Demand

• Decrease in Market Supply

• Decrease in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

New oil reserve discovered

• Increase in Aggregate Demand

• Decrease in Market Supply

• Increase in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

Tax on luxury products

• Increase in Aggregate Demand

• Decrease in Market Supply

• Increase in Aggregate Supply

• Decrease in Market Demand

Determine the effect of the following:

Increase in interest rates

• Decrease in Aggregate Demand

• Decrease in Market Supply

• Decrease in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

Increase in income tax rates

• Decrease in Aggregate Demand

• Decrease in Market Supply

• Decrease in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

Increase in government spending

• Increase in Aggregate Demand

• Decrease in Market Supply

• Increase in Aggregate Supply

• Increase in Market Demand

Determine the effect of the following:

Implementation of AI across different sectors of the economy

• Increase in Aggregate Demand

• Decrease in Market Supply

• Increase in Aggregate Supply

• Increase in Market Demand