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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the definition of Aggregate Demand?
💡 Hint: Consider the components that make it up.
Question 2
Easy
Give an example of frictional unemployment.
💡 Hint: Think about job changes.
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 happens when aggregate demand exceeds aggregate supply?
- Inflation occurs
- Underemployment occurs
- No change
💡 Hint: Think about how demand affects price levels.
Question 2
Is it true that unemployment can occur even in an equilibrium state?
- True
- False
💡 Hint: Consider the impact of insufficient demand.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze the effect of a government stimulus package on an economy facing cyclical unemployment. What mechanisms would you expect to observe?
💡 Hint: Consider how demand influences supply and employment.
Question 2
Discuss the long-term implications of persistent underemployment on an economy's growth potential.
💡 Hint: Evaluate the impacts of unutilized skills on the economy.
Challenge and get performance evaluation