Quiz

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1. The Aggregate Demand (AD) curve has a ____________ slope.

Negative

Positive
Horizontal

Vertical
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2. The total demand for goods and services (G & S) for a given price level is:
Aggregate Demand

Demand
Aggregate Supply
Supply
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3. Aggregate Demand comprises:

Private sector spending

Government sector spending
External Sector spending
All of the above
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4. In Aggregate Demand, spending depends on:

Tax
Income
Consumer expectations
All of the above
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5. If G & S are sold abroad, this represents:

Negative export earnings
Positive export earnings

Negative import spending

Positive import spending
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6. Aggregate Demand is affected by:

Change in exchange rate
Rate of interest rate

Government policy
All of the above
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7. When demand for domestic G & S is large, then there is:

Export fall, Import fall
Import rise, Export rise
Export rise, Import fall

Import rise, Export fall

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8. When Government collects more tax, then GDP will:

Slow down
Grow

Not change
None of the above
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9. The amount of real output that firms will produce at each possible price
level is:
Aggregate Demand

Aggregate Supply

Supply
Demand
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10. Positive supply shock will shift the AS curve to:

Right

Left
Vertical
Horizontal