macro drills10 questions
AD-AS Model Drill 1
This ORIGINAL Econixa set introduces the AD-AS framework: what shifts each curve and what happens to prices and output.
Q1.
The aggregate demand curve slopes downward because:
Multiple choice · Foundations
Q2.
Which of the following would shift aggregate demand to the right?
Multiple choice · Foundations
Q3.
A decrease in the money supply, all else equal, shifts:
Multiple choice · Intermediate
Q4.
The short-run aggregate supply curve slopes upward because:
Multiple choice · Foundations
Q5.
The long-run aggregate supply curve is vertical because:
Multiple choice · Foundations
Q6.
A sudden spike in oil prices shifts:
Multiple choice · Intermediate
Q7.
An increase in productivity (better technology) shifts:
Multiple choice · Intermediate
Q8.
In AD-AS equilibrium, a rightward shift of AD with SRAS unchanged causes:
Multiple choice · Foundations
Q9.
Stagflation is shown in AD-AS as:
Multiple choice · Advanced
Q10.
If the economy is in a recessionary gap, actual GDP is:
Multiple choice · Intermediate