Table of Contents
- Topic pack - Macroeconomics - introduction
- 2.1 The level of overall economic activity (notes)
- 2.1 The level of overall economic activity (questions)
- Section 2.2 Aggregate demand and supply (notes)
- Section 2.2 Aggregate demand and supply (simulations and activities)
-
2.2 Aggregate Demand and Aggregate Supply (questions)
- AD/AS - self-test questions
- Short questions
- Data response (1)
- Data response (2)
- Long questions
- 2.3 Macroeconomic objectives (notes)
- Low Unemployment
- 2.3 Macroeconomic objectives (questions)
- 2.4 Fiscal policy (notes)
- 2.4 Fiscal policy (questions)
- 2.5 Monetary policy (notes)
- 2.5 Monetary Policy (questions)
- Section 2.6 Supply-side policies (notes)
- 2.6 Supply-side policies (questions)
- Print View
1 | Shifts in aggregate demand Which of the following would NOT cause a shift in AD?
|
2 | Shifts in aggregate demand Choose appropriate phrases from the drop down boxes below to complete the explanation of shifts of an aggregate demand curve and movements along aggregate demand curves. When the price level in the economy changes there will a the aggregate demand curve. If the price level increases, there will be a movement upwards and to the left on the aggregate demand curve. If there is a decrease in the price level, then there will be a movement downwards to the right. However, if factors other than the price level change then the whole aggregate demand curve will shift, either to the right or to the left. For example, if there is a reduction in income tax, then the aggregate demand curve will shift to the . If, however, the rate of income tax increases, then the demand curve will shift to the . Your answer has been saved. |
3 | Shifts in aggregate supply Which of the following would NOT cause a SHIFT in AS?
|
4 | Shifts in aggregate supply If the price of imports rose, caused by a change in the value of the pound then the AS would shift to the:
|
5 | Shifts in aggregate supply Which of the following might have caused the shift in aggregate supply shown in the diagram below? Tick all the answers that apply.
|
6 | Determinants of exports A key determinant of exports is:
|
7 | Shifts in aggregate supply and demand Which of the following would cause the shift shown in the diagram below? Tick all the answers that apply.
|
8 | AD/AS analysis When using AD/AS analysis to illustrate changes within an economy, which of the following would NOT need to be considered when looking at changes to economic growth?
|
9 | Aggregate supply Which of the following is a major influence on AS?
|
10 | Shifts in aggregate supply Choose appropriate phrases from the drop down boxes below to complete the explanation of an aggregate supply curve. The short run AS curve slopes . In the , firms respond to price increases by supplying more goods but in the supply may not always respond to an increase in price levels. In the short run changes like a reduction in profits tax will shift the aggregate supply curve to the whereas a reduction in wage costs would shift the aggregate supply curve to the . Your answer has been saved. |
11 | Shifts in aggregate supply and demand An increase in aggregate demand (given no change in aggregate supply) will cause higher inflation.
|
12 | Shifts in aggregate supply and demand An increase in costs will make the aggregate supply curve more inelastic.
|
13 | Shifts in aggregate supply and demand The less responsive is AS to a rise in AD, the more prices will rise for a given increase in AD.
|
14 | Shifts in aggregate supply and demand An increase in expenditure tax will shift both the aggregate demand and supply curves to the left.
|
15 | Shifts in aggregate supply and demand An improvement in productivity will shift both the aggregate demand and supply curves to the right.
|
16 | Increase in AD Which of the following is likely to result from a rapid rise in aggregate demand?
|