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Aggregate Supply Quizzes & Trivia

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The AD-AS curves may be a little confusing to some student especially when it comes to the effect of changes in the demand or supply a person makes. The quiz below is designed to help you perfect your understanding on the...

Questions: 10  |  Attempts: 1231   |  Last updated: Mar 21, 2022
  • Sample Question
    Aggregate supply depends on all of the following factors except 
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AD- AS is a macroeconomic model that explains price level and output through the relationship of aggregate demand and aggregate supply. Take up the quiz below to refresh your memory on what we covered. Remember to check up on...

Questions: 20  |  Attempts: 629   |  Last updated: Mar 19, 2022
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    Which of the following would not be included in GDP?
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Aggregate supply is the total supply of goods and services produced within an economy at a given overall price level in a given period. There is mostly a positive relationship between aggregate supply and price of an item....

Questions: 19  |  Attempts: 139   |  Last updated: Mar 20, 2022
  • Sample Question
    Aggregate Supply is
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Chap 16 & 17- Economics Course Companion (Oxford)

Questions: 8  |  Attempts: 171   |  Last updated: Mar 21, 2022
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    Refer to the diagram. Assume that wages are initially set on the basis of price level P1 and that the economy is operating at its full-employment level of Qf. The short-run effect of an increase in demand is best reflected by a move from:
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Questions: 13  |  Attempts: 190   |  Last updated: Mar 21, 2022
  • Sample Question
    The definition of aggregate supply is: 
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