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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is aggregate demand?
💡 Hint: Think about what people in the economy want to buy.
Question 2
Easy
Name one type of unemployment.
💡 Hint: Consider the reasons people may be out of work.
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 does aggregate demand equal at equilibrium?
- Aggregate Supply
- Total Revenue
- National Income
💡 Hint: Consider the definition of equilibrium in economic terms.
Question 2
True or False: Keynesian theory believes in minimal government intervention.
- True
- False
💡 Hint: Reflect on the role of government in addressing economic downturns.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze a scenario where government spending increases during a recession. What will be the short-term and long-term effects on aggregate demand and employment?
💡 Hint: Consider the multiplier effect and what happens to job creation.
Question 2
Evaluate the impact of a sudden spike in imports on a country’s aggregate demand and employment levels. What measures might the government take?
💡 Hint: Think about how balance of trade affects domestic demand.
Challenge and get performance evaluation