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Aggregate Demand Quiz 5 (25 MCQs)

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1. Which of the following would increase aggregate demand?
2. The SRAS curve shows the relationship between
3. The short run aggregate supply curve will shift to the left if
4. Which is the least likely determinant of government expenditure in the UK?
5. Which of the following government policies will cause the AD curve and the AS curves to shift to the right?
6. Which of the following would cause the aggregate supply curve to shift?
7. The intersection of the aggregate demand and aggregate supply curve occurs at the economy' s equilibrium level of
8. Find S when C=200, MPS = 0.4 & Y = 1000
9. Keynes believed that economies experiencing high unemployment should adopt policies to
10. If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium
11. If the dollar depreciates (decreases in value) because other countries are in a recession
12. Name the Keynesian AS curve range where the spare capacity is "used up" and the economy's available factors of production become increasingly scarce.
13. Which of the following is NOT the determinant of AD that causes changes in investment spending?
14. Which one of the following is most likely to result in a rightward shift of the short-run aggregatesupply curve?
15. If countries that imported from Canada went into a recession, Canadian net exports would
16. Other things equal, an improvement in productivity will:
17. Keynes discusses the equilibrium level of output using the concept of
18. What would cause aggregate demand to increase?
19. If MPC = 0.75, the original equilibrium level of income = $ 300 bn and then investment falls by $ 20bn then the new equilibrium level of income =
20. When increased levels of total spending drive prices up, we call it
21. Which of the following would not shift Aggregate Demand?
22. Consumption would decrease and aggregate demand would shift
23. When aggregate demand exceeds aggregate supply, _____ results because the shortage created causes prices to increase.
24. If the Bank of England set base rates of 5.5% and the CPI inflation rate is 3.4%, _____
25. If the U.S. and China are trading partners and China's currency depreciates, what effect would that have on the U.S. output and price level?
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