
Macro Unit 3
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Amie Hauselt
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63 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following does NOT explain the slope of the aggregate demand curve?
the real wealth effect of a change in the aggregate price level
the interest rate effect of a change in the aggregate price level
the product-substitution effect of a change in the aggregate price level
the exchange rate effect of a change in the aggregate price level
a change in interest-sensitive consumer spending resulting from a change in interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will shift the aggregate demand curve to the right?
an increase in wealth
pessimistic consumer expectations
an increase in the existing stock of capital
contractionary fiscal policy
an increase in the interest rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Consumer Confidence Index is used to measure which of the following?
the level of consumer spending
the rate of return on investments
consumer expectations
planned investment spending
the level of current disposable income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Declines in the stock market decrease aggregate demand by decreasing which of the following?
consumer wealth
the price level
the stock of existing physical capital
interest rates
tax revenues
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following government policies will shift the aggregate demand curve to the left?
an increase in government purchases of goods and services
a decrease in government purchases of goods and services
a decrease in taxes
a decrease in interest rates
an increase in government transfers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A change in consumer spending that results from a change in consumers' purchasing power is known as the ___________ effect of a change in the aggregate price level.
interest rate
exchange rate
real wealth
price
income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A change in real GDP that results when the domestic price level increases relative to a foreign price level is the ___________ effect of a change in the price level.
foreign
exchange rate
real wealth
price
income
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