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Ap Macroeconomics unit 3 MCQ Exam Questions and Answers
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Ap Macroeconomics unit 3 MCQ Exam Questions and Answers
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Ap Macroeconomics unit 3 MCQ ExamQuestions and Answers
Part iiof iithe iireason iithat iiaggregate iidemand iiis iidownward iisloping iiis iibecause? ii-
iiAnswers ii-higher iiprice iilevels iidecrease iithe iipurchasing iipower iiof iimoney iiwhich
iidecreases iiquantity iiof iiconsumption.
An iiincrease iiin iiwhich iiof iithe iifollowing iiwill iidecrease iiAggregate iiDemand? ii- iiAnswers
ii-Real iiinterest iirates
A iichange iiin iiwhich iiof iithe iifollowing iiwould iiincrease iithe iiShort-run iiaggregate iisupply
iicurve? ii- iiAnswers ii-A iidecrease iiin iithe iiprice iiof iiresources iiand iian iiincrease iiin
iicapital iistock.
Assume iithat iiCanada iiimports iiproducts iifrom iithe iiUnited iiStates, iiA iilarge iidecrease iiin
iithe iiCanadian iiIncome iiwill iicause iithe iiU.S iiprice iilevel iiand iireal iiGDP iito iichange iiin
iiwhat iiways? ii- iiAnswers ii-Price iilevel: iiDecrease ii
Real iiGDP: iiDecrease
An iiincrease iiin iithe iiwealth iiof iiconsumers iiwill iilikely iicause iiprice iilevel iiand
iiunemployment iito iichange iiin iiwhat iiways? ii- iiAnswers ii-Price iilevel: iiIncrease
UnemploymentL iiDecrease
A iidecrease iiin iithe iiprice iiof iiinputs iiwill iiresult iiin iiwhich iiof iithe iifollowing iiin iithe iishort
iirun? ii- iiAnswers ii-An iiincrease iiin iithe iishort iirun iiaggregate iisupply iiand iidecrease iiin
iiprice iilevel.
What iiis iinot iitrue iiof iithe iiconcept iiof iilong-run ii- iiAnswers ii-An iieconomy iicannot
iiproduce iimore iioutput iithen iiwhat iican iibe iiproduced iiin iithe iilong iirun.
Assume iithat iithe iieconomy iiis iiat iifull iiemployment iiequilibrium iiwhen iia iinegative
iisupply iishock iioccurs. iiWhat iiwon't iihappen? ii- iiAnswers ii-A iidecrease iiin iiaggregate
iidemand
What iiwill iioccur iito iimove iieconomy iito iilong iirun iiequilibrium? ii- iiAnswers ii-Wages iiwill
iidecrease iicausing iiaggregate iisupply iito iiincrease.
According iito iithe iishort iirun iiphillips iicurve, iian iiincrease iiin iiinflation iiwill iiaccompany ii-
iiAnswers ii-a iidecrease iiin iiunemployment
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