4. National Income and Price Determination
Equilibrium And Changes In The Aggregate Demand-aggregate Supply Model — Quiz
Test your understanding of equilibrium and changes in the aggregate demand-aggregate supply model with 5 practice questions.
Practice Questions
Question 1
In the aggregate demand–aggregate supply model, what does equilibrium in the short run occur when?
Question 2
Which event would most likely increase aggregate demand?
Question 3
What happens when $AD$ shifts right in the short-run aggregate demand–aggregate supply model, assuming $SRAS$ does not change?
Question 4
Which situation is best described as a decrease in short-run aggregate supply?
Question 5
If $AD$ and $SRAS$ intersect at a real output level below potential output, what is the economy experiencing?