CIA4U Aggregate Demand #2

CIA4U Aggregate Demand #2

12th Grade

34 Qs

quiz-placeholder

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CIA4U Aggregate Demand #2

CIA4U Aggregate Demand #2

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Yulia Katz

Used 2+ times

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is aggregate demand?

The total demand for goods and services in an economy at a given time.

The demand for a single product.

The supply of goods and services.

The total income of consumers.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aggregate demand is the total demand for goods and services in an economy at a given time. Which of the following factors can cause a shift in aggregate demand?

A) Changes in consumer spending

B) Changes in government policy

C) Changes in foreign exchange rates

D) All of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of aggregate demand (AD)?

Total supply of goods and services

Total demand for goods and services

Total production of goods and services

Total consumption of goods and services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a component of aggregate demand (AD)?

Consumption

Investment

Government Spending

All of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The AD curve is downward sloping because: A) Higher prices lead to higher demand B) Lower prices lead to higher demand C) Higher prices lead to lower demand D) Prices do not affect demand.

Higher prices lead to higher demand

Lower prices lead to higher demand

Higher prices lead to lower demand

Prices do not affect demand.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contrast the AD curve with individual demand curves.

A) AD curve is for a single product

B) AD curve is for the entire economy

C) Individual demand curves are for the entire economy

D) There is no difference.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Differentiate between movement along and shifts of AD.

Movement is due to price changes, shifts are due to other factors

Shifts are due to price changes, movement is due to other factors

Both are due to price changes

Both are due to other factors.

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