Overall Macroeconomic Quiz (OCR) Macroeconomics OCR AS Level 2.5 / 5 based on 5 ratings ? EconomicsCompetitive marketsASAll boards Created by: LauraCreated on: 23-05-12 15:32 What is the equation for Aggregate Demand? AD = C + G + I + (X – M) 1 of 12 Does advancements in technology affect investment? True 2 of 12 It is true to say that the level of economic activity does not influence government spending? False 3 of 12 In the short run, it is assumed that the prices of factors of production, such as money wage rates, are... Constant 4 of 12 What would an increase in firms' cost of production will shift the short run aggregate supply curve.... Upwards 5 of 12 In the long-run, it is assumed that the prices of factors of production are variable but that the productive capacity of an economy is Fixed 6 of 12 When is an economy in an equilibrium? when Aggregate Demand equals Aggregate Supply 7 of 12 Is it correct to state that Fiscal Policy affects aggregate demand? True 8 of 12 Supply Side Policies are designed to _______ the average rate of growth of the economy. Increase 9 of 12 Governments can influence the economy through the use of _____ policy Monetary 10 of 12 What is the value of currency in a floating exchange rate system determined by? the forces of demand and supply 11 of 12 A rise in the value of a currency is likely to reduce exports and ______ imports increase 12 of 12
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