3.6 Demand & Supply Shocks
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Social Studies
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12th Grade
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Medium
Emily Miller
Used 2+ times
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11 Slides • 7 Questions
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Multiple Choice
The table shows the level of household savings at various levels of disposable income in a country.
Based on the level of savings and disposable income data in the table, which of the following must be true?
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Multiple Choice
Assume the marginal propensity to consume is 0.8. How will a decrease in taxes of $100 billion and a decrease in government spending of $100 billion affect aggregate demand?
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Multiple Choice
When the short-run aggregate equilibrium is to the right of the long-run aggregate supply curve, the economy is experiencing
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Multiple Choice
Which factor can increase aggregate demand?
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Multiple Choice
Assume the countries of Ornania and Kumbagi are major trading partners. Ornania is currently in long-run macroeconomic equilibrium. As a result of a recession in its economy, Kumbagi decreases its demand for goods produced in Ornania. Which of the following will occur in Ornania in the short run?
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Open Ended
What do you think a demand or supply shock is?
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Open Ended
If the economic is in short-run and long-run equilibrium, what do you think a positive demand shock will do to the economy?
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