Quiz

Quiz: Long-run AS: Keynesian Shape

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

11 Steps9 Questions

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Building on what you've learned about aggregate supply, let's test your knowledge of the Keynesian shape of long-run AS!

Multiple ChoiceInteractive

What does the Keynesian long-run AS curve represent?

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Which of the following are characteristics of the Keynesian long-run AS curve? (Select all that apply)

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The horizontal section of the Keynesian AS curve occurs when there is {{blank0}} capacity in the economy.

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Match the items on the left with their correct pairs on the right

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Multiple ChoiceInteractive

Why does the upward sloping section of the Keynesian AS curve occur?

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typedAnswer

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Which sections of the Keynesian AS curve allow output to increase? (Select all that apply)

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The vertical section of the Keynesian AS curve reflects {{blank0}} output capacity in the economy.

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How does the Keynesian AS curve differ from the classical AS curve?

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