Unit 3: Macroeconomics
Topic 3.2: Variations in Economic Activity — Aggregate Demand and Aggregate Supply Questions
Practice 20 exam-style questions for IB Economics Topic 3.2. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
24 marks
Explain the components of aggregate demand.
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Explain the components of aggregate demand.
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Which of the following would shift the SRAS curve to the left?
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The long-run aggregate supply (LRAS) curve is vertical because:
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Which of the following would cause a rightward shift of the AD curve?
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A negative supply-side shock would result in:
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Explain how a negative supply-side shock can cause stagflation.
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A positive demand-side shock, such as a large increase in consumer spending, would most likely result in:
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The aggregate demand curve slopes downward because:
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The short-run aggregate supply (SRAS) curve is upward sloping because:
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The short-run aggregate supply (SRAS) curve is upward sloping because:
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Explain two factors that could cause the AD curve to shift to the right.
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A decrease in consumer confidence would most likely:
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The long-run aggregate supply (LRAS) curve is vertical because:
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Which of the following would cause a rightward shift of the AD curve?
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