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WorksheetsAGGREGATE DEMAND AND SUPPLY
Total questions: 9
Worksheet time: 3mins
____________ refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of one accounting year.
aggregate demand
aggregate supply
_____________ refers to the money value of goods and services that all the producers are willing to supply in an economy in a given time period.
Aggregate demand
Aggregate supply
the level of disposable income determines the level of ____________________.
consumption expenditure
private expenditure
government expenditure
net export
which of the following is not a component of aggregate demand in a two-sector economy?
consumption
government expenditure
investment
AD curve is a :
horizontal straight line parallel to the X-axis
positively sloped curve
negatively sloped curve
vertically straight kine parallel to the y-axis
which of the following is not true about AD in a two-sector economy?
AD= consumption + saving
AD curve starts from some point above the origin
AD=consumption + investment
AD curve has a positive slope
aggregate supply and ____________ are always equal.
national income
aggregate demand
marginal propensity to save
average propensity to consume
break-even point is achieved when:
national income= consumption
consumption = saving
consumption= investment
national income > consumption,
_____________ refers to actual savings in an economy during a year.
ex- ante saving
APS
MPS
Ex-post saving
