* not completed

. A shift in aggregate supply is likely to:

Reduce the general price level and reduce national income correct incorrect

Reduce the general price level and increase national income correct incorrect

Increase the general price level and reduce national income correct incorrect

Increase the general price level and increase national income correct incorrect

* not completed

. Aggregate demand will increase if:

Consumption falls correct incorrect

Investment falls correct incorrect

Exports fall correct incorrect

Imports fall correct incorrect

* not completed

. An increase in aggregate demand will have most effect on prices if:

Aggregate supply is price inelastic correct incorrect

Aggregate supply is price elastic correct incorrect

Aggregate supply has a unitary price elasticity correct incorrect

Aggregate demand is price inelastic correct incorrect

* not completed

. Which of the following would increase aggregate demand?

Increased saving correct incorrect

Increasing import spending correct incorrect

Increased taxation revenue correct incorrect

Increased investment correct incorrect

* not completed

. Which of the following would decrease aggregate demand?

Increased consumption correct incorrect

Increasing export revenue correct incorrect

Increased taxation revenue correct incorrect

Increased investment correct incorrect

* not completed

. Improved training of employees would:

Shift aggregate supply outwards at each price correct incorrect

Shift aggregate supply inwards at each price correct incorrect

Shift aggregate demand outwards at each price correct incorrect

Shift aggregate demand inwards at each price correct incorrect

* not completed

. Changes to the benefits system, so that there was less incentive to work, would most likely:

Shift aggregate supply outwards so more is supplied at each price correct incorrect

Shift aggregate supply inwards so less is supplied at each price correct incorrect

Shift aggregate demand outwards so more is demanded at each price correct incorrect

Shift aggregate demand inwards so less is demanded at each price correct incorrect

* not completed

. Increased levels of consumption:

Shift aggregate supply outwards so more is supplied at each price correct incorrect

Shift aggregate supply inwards so less is supplied at each price correct incorrect

Shift aggregate demand outwards so more is demanded at each price correct incorrect

Shift aggregate demand inwards so less is demanded at each price correct incorrect

* not completed

. Increased levels of spending on imports:

Shift aggregate supply to the right correct incorrect

Shift aggregate supply to the left correct incorrect

Shift aggregate demand to the right correct incorrect

Shift aggregate demand to the left correct incorrect

* not completed

. If aggregate supply is totally price inelastic, an increase in aggregate demand will:

Increase price but not output correct incorrect

Increase output but not price correct incorrect

Increase output and price correct incorrect

Decrease output and price correct incorrect