Practice - Summary
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
Define Aggregate Demand.
💡 Hint: Think about what people and businesses spend money on.
What happens when AD is greater than AS?
💡 Hint: Consider what might happen if everyone wants something that’s not enough.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does aggregate demand consist of?
💡 Hint: Remember the formula AD = C + I + G + (X - M).
True or False: Keynesian economics supports the idea of a self-correcting market.
💡 Hint: Think about each theory's stance on government involvement.
Get performance evaluation
Challenge Problems
Push your limits with advanced challenges
Design a fiscal policy intervention that could help reduce unemployment in a recession. What components would you include?
💡 Hint: Consider sectors that create immediate jobs.
Discuss the implications if an economy's aggregate demand consistently exceeds its aggregate supply. What are potential long-term effects?
💡 Hint: Look at historical examples of inflation to draw conclusions.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.