Chapter 12. Moving Along the Aggregate Demand Curve, 1979-1980

EIA Activity: Moving Along the Aggregate Demand Curve, 1979-1980

1. Question

   Use Link 1 to answer the following questions. True or False: In the first 10 days of 1979, sales of domestic vehicles were up by 23%.

   A.

   False.

   B.

   True.

2. Question

   The Shah of Iran was overthrown on which of the following dates?

   A.

   January 20, 1979

   B.

   January 16, 1979

   C.

   January 1, 1979

   D.

   None of the above

3. Question

   True or False: Once the Ayatollah Khomeini came to power in Iran in 1979, crude oil shipments to the United States were reduced.

   A.

   True.

   B.

   False.

4. Question

   True or False: The oil crisis of 1979 created a gasoline shortage which created long lines at gas stations.

   A.

   False.

   B.

   True.

5. Question

   True or False: During the oil crisis of 1979, consumer confidence was down, and there was double-digit inflation.

   A.

   False.

   B.

   True.

6. Question

   True or False: Consumers responded to the oil crisis of 1979 by demanding gas-guzzling large cars.

   A.

   True.

   B.

   False.

7. Question

   What causes movement along the aggregate demand curve? Discuss.

   Your response will be graded by your instructor.

   What causes movement along the aggregate demand curve? Discuss.

8. Question

   What are some variables that cause the aggregate demand curve to shift? Discuss.

   Your response will be graded by your instructor.

   What are some variables that cause the aggregate demand curve to shift? Discuss.

• Point per question: 1pts for short answer 1pts for multiple choice
• number of attempts on quiz as a whole: 1 or unlimited?
• set which score reports to Gradebook: first, most recent, highest, or average
• Randomize answers (for multiple choice questions only)? Yes or no