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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is Aggregate Demand and its components?
💡 Hint: Think of C, I, G, and X.
Question 2
Easy
Define underemployment.
💡 Hint: Consider jobs below one's skill level.
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 is the formula for Aggregate Demand?
- AD = C + I + G + (X - M)
- AD = C - I + G + X
- AD = I + G + Exports
💡 Hint: Recall the elements that comprise Aggregate Demand.
Question 2
Is it true that structural unemployment occurs when there's a mismatch between the skills of workers and available jobs?
- True
- False
💡 Hint: Think about what happens when skills do not align with job demands.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze a situation where government expenditure increases significantly. How would this affect Aggregate Demand and the economy's equilibrium?
💡 Hint: Consider how increased public spending impacts overall consumption and investment.
Question 2
Consider a scenario where a country faces high structural unemployment. What policies could be recommended based on Keynesian economics to address this issue?
💡 Hint: Think about how education can align skills with job market needs.
Challenge and get performance evaluation