
IB Econs AS
Authored by tran tai
Business
Professional Development
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19 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does aggregate supply (AS) represent?
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In the short run, what assumptions are made regarding wage rates and the state of technology?
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Why is the short-run aggregate supply (SRAS) curve upward sloping?
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does a flatter SRAS curve indicate about an economy's spare capacity?
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following is NOT included in the SRAS determinants?
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
How do indirect taxes affect the SRAS curve?
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the effect on the SRAS curve if production costs increase?
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