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WorksheetsAggregate Demand
Total questions: 10
Worksheet time: 5mins
The aggregate demand curve shows the relationship between...
Aggregate price level and quantity of aggregate output demanded by households, businesses, and the government.
Aggregate price level and quantity of aggregate output supplied.
Commodities and nominal wages.
Productivity and nominal wages.
Aggregate demand...
Slopes up
Slopes down
All the following cause a shift in aggregate demand except...
Changes in expectations
Changes in wealth
Government policies
Technological change
Congress increasing spending would...
Shift the LRAS
Shift the SRAS
Increase aggregate demand
Decrease aggregate demand
An increase in aggregate demand will...
Cause both the price level and RGDP to drop in the short run.
Cause both the price level and RGDP to rise in the short run.
Cause the price level to drop and RGDP to rise in the short run.
Cause the price level to rise and RGDP to drop in the short run.
GDP is...
Aggregate demand
Aggregate supply
Increased consumer spending will shift the aggregate demand curve...
Leftward
Rightward
The formula for aggregate demand is...
AD= C + I + G + (X-M)
AD= productivity + wealth
When price level falls...
Aggregate demand shifts to the right.
Aggregate demand shifts to the left.
Aggregate supply shifts up.
Aggregate supply shifts down.
What happens to aggregate demand when government spending increases?
Shift the demand curve to the right.
Shift the demand curve to the left.
Shift the supply curve to the left.
Shift the supply curve to the right.
