Tackle the Test: Multiple-Choice Questions

200

  1. Question

    tTT80tBnJBiveIZJYxvmKPuptuJf+jbFoAwIUxgHAIZL3+zrQFCuobzTWXWq6ectVePSsGUvS1ivxE168tlsfPFbHaJE4FyEopXmlvgIKkOvdNnnpZLu4VZV+Ygz/dvhvDkgm/5l4j0dZ+UfQq2Us/fjkgKhOb4dRl6BOv78KDcm+Cl3HR5JoY0IB9hGoAIh3WBvcVuYzRru8gfeuyZjYqjjmgdm6eIsgdqtfHUaMMAoTwtxm0jeEd+kbRFa3WxSKvx7LbKytHqiuoGcT7QCIblQla3UD2YEBF+BynAeisvCrpboMw6F8Qhwhs9ES321zfSchY2W3htLsFwFgFnsq5ayzXJVc4heeQLqb/sC26Yxc7hTWoOVgtv17ZaY5splHtvnVB1X1SlHp9RuNrYDlI8OvqPB+62xkotuPS4nxGyoYiOWS8XE/hL8arUmhYLOR/L5OxNkNKzdFzK3KB8KMY19zfIEVYseYCIG2fTbRNl0en33A48LHBwEYPFtQuWYTdPOPUreP7u6qNmu93xUHFPxBB6sJ4jzhjzEhAX+xQFyUjEyz0ffSkUvzFECpvR68bXTP45Z3h47azWs3oydSpL0AIi6DoCc+d7yPsaCxIM0n9xbOSS5ncmOCm7ze8I20S1RIVqcWydWxAo20aPVXLESGYqNd/H7zklBJ4ggeQ4FFMdlFXoZ6mhW186xr5QuT8e4xxQZo5qzs48Edl4OPtRoP+jkOz/OKFbEfYo7b+0BEOSurhNRlaunZ/vgpsIPx6ibR8kaCme1zX/Wos8uuMJFOX0cehJtn6RtUbI5SCW6iR5u7v7RgGOwGnGPopRWpGW4C1YTXCVs5qKqRIwVPQlySltwDqVzm+6V89pKY9TgdOQRB0yLPtC7aMCJ9J3nV/gFrxDzXnkj+encl1nW399msh4SGS39AHPc+wxR6KjIp3kz+Xrffa1kJ6OTl/L2WMeBNW6UkDI2O0cmp5g/4fXEIb+EgBuJ5iDW3M0X/MCzIaZ4nQisVhcWtf6kwp4lIbFRHjyctn42TkKrSrPhTuw/jN9eOQCfk8XUDpYE6YQ8QKxLLfQNFZdYvUK984GmlY7E39+ZWcd5PeAML1BcGOOwqzNWY6KgaUiiLiPFNq0+u8Hp/Cmvt4OFwSllBSxX25jnn72oCYChzwR9RSTmk5tqny5J7vG1vjJxFqtmRom8gLlQGSXRBJDo8SeAvpxc+RUAgXBS6WqRNGKri/kdKdtZIc+tDIDmINrwWkm+1ty0eZsR2LqDXmhhOKlWtkbRT5GJS1oH3+VVJ3d39C9kaajEPUSJd2Y96FUbSe426RSafSiXXN48A3KKIrA=
    Which of the following causes a negative supply shock?
  2. Question

    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
    Which of the following causes a positive demand shock?
  3. Question

    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
    During stagflation, what happens to the aggregate price level and real GDP?
  4. Question

    Refer to the graph for Questions 4 and 5.

    image
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    Which of the following statements is true if this economy is operating at
  5. Question

    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
    The economy depicted in the graph is experiencing a(n)