The Aggregate Demand Aggregate Supply Model Mcqs
MCQ: Stagflation occurs when the economy experiences ?
- rising prices and rising output
- rising prices and falling output
- falling prices and falling output
- falling prices and rising output
Releted Questions
The Aggregate Demand Aggregate Supply Model Mcqs
MCQ: Which of the following statements about economic fluctuations is true ?
- None of these answers
- A depression is a mild recession
- A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate
- A recession is when output rises above the natural rate of output
C
MCQ: Which of the following would not cause a shift in the long-run aggregate supply curve ?
- All of these answers shift the long-run aggregate supply curve
- An increase in the available capital
- An increase in the available labour
- An increase in price expectations
D
MCQ: In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?
- shift the short-run aggregate supply curve to the left
- shift the aggregate demand curve to the right
- shift the short-run aggregate supply curve to the right
- shift the aggregate demand curve to the left
B
MCQ: Which of the following statements is true regarding the long-run aggregate supply curve? The long-run aggregate supply cruve ?
- Is vertical because an equal change in all prices and wages leaves output unaffected
- is positively sloped because price expectations and wages tend to be fixed is the long run
- shifts right when the government raises the minimum wage
- shifts left when the natural rate of unemployment falls
A
MCQ: The natural rate of output is the amount of real GDP produced ?
- When the economy is at the natural rate of unemployment
- When the economy is at the natural rate of investment
- When the economy is at the natural rate of aggregate demand
- When there is no no unemployment
A