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WorksheetsUnit 3
Total questions: 25
Worksheet time: 20mins
When the price level increases, it's called...
Aggregate Demand
Immediate-Short Run
Inflation
Unemployment
A rise in consumer, business, or government spending could cause this type of inflation.
Demand-Pull
Cost-Push
Political
None of these
In the early 1920s, the German government printed too much money and caused...
Demand-Pull Inflation
Cost-Push Inflation
Political Inflation
None of these
A negative supply shock (natural disaster or expensive crude oil) causes which type of inflation?
Demand-Pull
Cost-Push
Political
None of these
Demand-Pull inflation is the result of a rise in price level caused by an increase in...
Long-Run Aggregate Supply
Short-Run Aggregate Supply
Aggregate Demand
None of these
Cost-Push Inflation is the result of a rise in price level caused by a decrease in...
Long-Run Aggregate Supply
Short-Run Aggregate Supply
Aggregate Demand
None of these
Political Inflation is the result of a change in which curve?
Long-Run Aggregate Supply
Short-Run Aggregate Supply
Aggregate Demand
None of these
On our Aggregate Model, what does the Y-axis represent?
Output
Quantity
Price
Price Level
On our Aggregate Model, what does the X-axis represent?
Output
Quantity
Price
Price Level
Input prices are fixed. Output prices are fixed.
Immediate Short Run
Short Run
Long Run
Output prices are flexible. Input prices are flexible.
Immediate Short Run
Short Run
Long Run
Input prices are fixed but output prices are flexible.
Immediate Short Run
Short Run
Long Run
Which two measurements can be calculated using the same FORMULA?
SRAS and AD
PPF and LRAS
AD and GDP
GNP and ISRAS
On our Aggregate Model, which curve shifts the most often?
Aggregate Demand
Short-Run Aggregate Supply
Long-Run Aggregate Supply
Consumer Spending is a function of...
interest rates
exchange rates
disposable income
other
Net Exports is a function of...
interest rates
exchange rates
disposable income
other
Business Investment is a function of...
interest rates
exchange rates
disposable income
other
If we take a family's yearly expenses, and divide it by that family's disposable income, we'll calculate their...
MPS
MPC
APS
APC
If we put a family's marginal income as the denominator, and put the amount of it that they saved as the numerator, we'd calculate their...
MPS
MPC
APS
APC
(1 / MPS) will calculate...
Tax Multiplier
Spending Multiplier
Literally nothing that we use
(1 / MPC) will calculate...
Tax Multiplier
Spending Multiplier
Literally nothing that we use
(1 / APS) will calculate...
Tax Multiplier
Spending Multiplier
Literally nothing that we use
(MPC / MPS) will calculate...
Tax Multiplier
Spending Multiplier
Literally nothing that we use
Which will always create MORE spending...the tax multiplier or the spending multiplier?
Tax Multiplier
Spending Multiplier
It depends
When is your huge test over all this nonsense?
Wednesday, May 2
Tomorrow
Never
I'm batman
