Practice C. Aggregate Demand and Aggregate Supply (AD/AS) - 1.3 | Chapter: Key Skills for MYP Economics | IB MYP Grade 10: Individuals & Societies - Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does the AD curve represent?

πŸ’‘ Hint: Think about what influences consumer and government demand.

Question 2

Easy

Identify one factor that can shift the AS curve.

πŸ’‘ Hint: Consider how production methods affect output.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What causes the AD curve to shift to the right?

  • Decrease in consumer confidence
  • Increase in government spending
  • Decrease in taxes

πŸ’‘ Hint: Consider factors that enhance total spending.

Question 2

True or False: The AS curve is vertical in the short run.

  • True
  • False

πŸ’‘ Hint: Recall the differences in AS curve behaviors over time.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

If the government reduces taxes, analyze how this will affect the AD curve and the short-run AS curve. Provide reasoning for your answer.

πŸ’‘ Hint: Consider the relationship between disposable income and spending.

Question 2

Evaluate the potential long-term implications of continual government stimulus on the economy's AS curve. What might happen if this policy is sustained?

πŸ’‘ Hint: Think about the effects of policy on resources and production capabilities.

Challenge and get performance evaluation