Tiêu đề FOW8 _ FINAL EXAM REVISION _ PE✨.pdf ✅

1. 1 point Mark only one oval. A decrease in the price level increases real wealth An increase in the price level decreases the demand for money An increase in the price level will lead to an increase in interest rates An increase in the money supply lowers interest rates A decrease in the money supply lowers interest rates FOW8 | FINAL EXAM REVISION | PE✨ This mock test will include multiple choice questions (MCQs) and short answer This is a basic knowledge test of PE that the Captains have prepared for you. Let's try your best 💪. * Indicates required question One of the reasons that aggregate demand (AD) is downward sloping is the interest rate effect. Which of the following best describes the interest rate effect? *
2. 1 point Mark only one oval. D to B A to B A to C D to C 3. 1 point Mark only one oval. Wages Consumption Net exports Investment Government spending Which of the following best describes a movement that would result from a decrease in personal income taxes? * Which of the following is not a component of aggregate demand (AD)? *
4. 1 point Mark only one oval. Sticky wage theory The interest rate effect Misperceptions theory The exchange rate effect The real wealth effect 5. 1 point Mark only one oval. The positive relationship between the price level and the quantity of aggregate output demanded by households, firms, the government, and the rest of the world The inverse relationship between the price level and the quantity of aggregate output demanded by households, firms, the government, and the rest of the world The positive relationship between the price level and the quantity of total output produced by firms and households The inverse relationship between the price of a good and the quantity demanded of that good It shows that there is no relationship between the price level and the amount of output demanded When the price level increases, goods in other countries are relatively cheaper. As a result, a country’s imports increase, displacing the demand for domestic production. What is the term for the relationship described above? * Which of the following best describes the relationship illustrated by the aggregate demand (AD) curve? *
6. 1 point Mark only one oval. Real wealth increases; the quantity of aggregate demand decreases Real wealth decreases; the quantity of aggregate demand increases Real wealth increases; aggregate demand increases Real wealth decreases; aggregate demand increases Real wealth increases; the quantity of aggregate demand increases 7. 1 point Mark only one oval. Any event that makes it more expensive or more difficult to produce goods and services Any event that causes exports to decrease that is not due to changes in the price level Any event that causes imports to increase that is not due to changes in the price level Any event that causes consumers to purchase fewer goods and services that is not due to changes in the price level 8. 1 point Mark only one oval. Marginal cost is $5, and average variable cost is $8. Marginal cost is $8, and average variable cost is $5. Marginal cost is $5, and average total cost is $8. Marginal cost is $8, and average total cost is $5. How does a decrease in the price level affect real wealth and aggregate demand? * Which of the following types of events shifts the short-run aggregate supply (SRAS) curve to the left? * A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm? *