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 for each question. Be clear and thank you!










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
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