#1
Which of the following is a component of Aggregate Demand (AD) in Macroeconomics?
Government spending
Price level
Short-run aggregate supply
Market demand
#2
What is the impact of an increase in consumer confidence on Aggregate Demand?
Increase in Aggregate Demand
Decrease in Aggregate Demand
No impact on Aggregate Demand
Increase in Aggregate Supply
#3
In the context of Aggregate Supply, what does the short-run focus on?
Long-term economic growth
Nominal wages and prices
Potential output
Structural unemployment
#4
What is the relationship between the interest rate and investment in the context of Aggregate Demand?
Inverse relationship
Direct relationship
No relationship
Random relationship
#5
How does an increase in government spending impact Aggregate Demand?
Decrease in Aggregate Demand
No impact on Aggregate Demand
Increase in Aggregate Demand
Increase in Aggregate Supply
#6
In the context of Aggregate Demand, what is the wealth effect?
The impact of interest rates on consumption
The impact of changes in the price level on consumption
The impact of government spending on investment
The impact of exchange rates on net exports
#7
What is the difference between short-run and long-run Aggregate Supply?
Short-run focuses on potential output, long-run focuses on nominal wages
Short-run focuses on nominal wages, long-run focuses on potential output
No difference, they are the same
Short-run focuses on cyclical unemployment, long-run focuses on structural unemployment
#8
Which of the following is an example of a supply shock that can affect Aggregate Supply?
Changes in consumer preferences
Technological advancements
Natural disasters
Government fiscal policy
#9
According to the Keynesian perspective, what happens when Aggregate Demand falls short of Aggregate Supply in the short run?
Inflationary pressure
Deflationary pressure
Stable prices
No impact on prices
#10
What is the long-run focus of Aggregate Supply in Macroeconomics?
Cyclical unemployment
Nominal wages and prices
Potential output
Stabilization policy
#11
What is the formula for calculating the GDP deflator?
(Nominal GDP / Real GDP) * 100
(Real GDP / Nominal GDP) * 100
Nominal GDP - Real GDP
Real GDP + Inflation rate
#12
According to the classical view, what happens in the long run if Aggregate Demand increases?
Inflation
Deflation
Stable prices
No impact on prices
#13
Which of the following factors can cause a shift in the Aggregate Demand curve?
Changes in technology
Changes in the money supply
Changes in potential output
Changes in the price level