AP Macroeconomics Practice Test: Aggregate Supply and Aggregate Demand

Test Information

Question 15 questions

Time 18 minutes

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1. Business cycles

2. Recessions

3. Say's Law

4. Keynes

5. Which of the following would NOT shift the aggregate supply curve?

6. Which of the following would shift the aggregate demand curve to the left?

7. Which of the following would NOT shift the aggregate demand curve?

8. What will happen to the equilibrium price level and the equilibrium quantity of output if the aggregate demand curve shifts to the right? Assume an upward sloping aggregate supply curve.

9. What will happen to the equilibrium price level and the equilibrium quantity of output if consumer confidence increases? Assume an upward sloping aggregate supply curve.

10. What will happen to the equilibrium price level and the equilibrium quantity of output if the aggregate demand curve shifts to the right? Assume a Classical aggregate supply curve.

11. What will happen to the equilibrium price level and the equilibrium quantity of output if the aggregate supply curve shifts to the left? Assume an upward sloping aggregate supply curve.

12. What will happen to the equilibrium price level and the equilibrium quantity of output if a major earthquake destroys much of the plant and equipment on the West Coast? Assume an upward sloping aggregate supply curve.

13. What will happen to the equilibrium price level and the equilibrium quantity of output if the aggregate supply curve shifts to the left? Assume a Classical aggregate supply curve.

14. Total spending

15. At the break-even point