Question: Please answer all 10 questions by choosing the correct option for each question. Be clear and thank you! Q1 If aggregate is used to describe

 Please answer all 10 questions by choosing the correct option foreach question. Be clear and thank you! Q1 If "aggregate" is usedto describe either supply or demand then, O aggregate cannot apply tosupply but only demand. O it is referring to the total valueof either supply or demand for all goods and services from everyonein an economy. O it is referring to the total value ofonly demand because aggregate does not apply to supply. O it isreferring to the total value of either supply or demand for allgoods and services from corporations only.Q2 If consumers decided to spend lessand save more, AD would shift O right O left O no

Please answer all 10 questions by choosing the correct option for each question. Be clear and thank you!

change O disappearWha Q3 what does a aggregate supply curve do? OShows only how much goods can be produced. O Measure how capitalGDP affects real GDP. O Measure how real GDP can be producedat various points. O Measures the aggregate supply of the labor forcesolely.Q4 If consumers decided to spend more and save less, AD wouldshift O right O left O no change O disappearQ5 Aggregate demandcurve measures the current GDP of an economy. O True O FalseQ6Macroeconomics focuses on the economy O on an individual level O asa whole O of the labor force of only the standard oflivingQ7 Which is true of aggregate demand? O Aggregate demand can only

Q1 If "aggregate" is used to describe either supply or demand then, O aggregate cannot apply to supply but only demand. O it is referring to the total value of either supply or demand for all goods and services from everyone in an economy. O it is referring to the total value of only demand because aggregate does not apply to supply. O it is referring to the total value of either supply or demand for all goods and services from corporations only.Q2 If consumers decided to spend less and save more, AD would shift O right O left O no change O disappearWha Q3 what does a aggregate supply curve do? O Shows only how much goods can be produced. O Measure how capital GDP affects real GDP. O Measure how real GDP can be produced at various points. O Measures the aggregate supply of the labor force solely.Q4 If consumers decided to spend more and save less, AD would shift O right O left O no change O disappearQ5 Aggregate demand curve measures the current GDP of an economy. O True O FalseQ6 Macroeconomics focuses on the economy O on an individual level O as a whole O of the labor force of only the standard of livingQ7 Which is true of aggregate demand? O Aggregate demand can only decrease. O Aggregate demand can only increase. O Aggregate demand only increases when aggregate supply increases. O Aggregate demand can both increase and decrease.Q8 If an economist wanted to give an accurate prediction of an economy, aggregate supply and aggregate demand can be used. O True O FalseQ9 Which best describes the purpose of using frameworks in the study of economics? O It provides a basic structure but not necessarily accurate predictions. O It gives accurate predictions. O Frameworks are not useful in the study of an economy.O10 When quantity supplied is the same as quantity demanded the price has reached O aggregate supply O aggregate demand O equilibrium price O aggregate supply curve

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!