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Aggregate Demand Quiz 6 (25 MCQs)

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1. Aggregate demand would shift right if either
2. If exports from the United States increased, what would most likely happen to real gross domestic product and price level? Real GDP / Price Level
3. The economy's long-run aggregate supply curve
4. What is the marginal propensity to consume?
5. In macroeconomics, what does the horizontal axis measure?
6. According to Keynesian analysis, if government expenditures and taxes are increased by the same amount, which of the following will occur?
7. Consumption is not a function of
8. Which is untrue? Investment _____
9. Assume an economy is at full-employment equilibrium when a negative supply shock occurs. All the following will occur in the short-run except
10. Which of the following does not lead to fall in AD?
11. If nominal wages fall, then short-run aggregate:
12. The government lowers personal income taxes (taxes on income of households).
13. If exports from the Malaysia increased, what would most likely happen to real gross domestic product and price level?Real GDP / Price Level
14. The Keynesian AS curve range associated with low levels of output (economic activity).
15. Which of the following equations is correct?
16. If domestic price level falls relative to other countries, what is the effect on the AD curve?
17. Which is a drawback of investment?
18. Under consumption spending, which of the following is NOT the determinant of aggregate demand?
19. An increase in the wealth of consumers will likely cause price level and unemployment to change in which of the following ways? NOTE:1ST PART OF ANSWER IS PRICE LEVEL, 2ND PART IS UNEMPLOYMENT
20. Aggregate demand will increase if:
21. A decrease in energy prices will:
22. Increased investment affects..
23. If MPC is .9 the MPS =
24. An economy is more likely to avoid economic fluctuations if
25. What would be the effect of a decrease in regulations on businesses?
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