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Economics Grade 12 Unit 2: AGGREGATE DEMAND AND AGGREGATE SUPPLY ANALYSIS

26 national exam questions have come from this unit. It runs 23 pages; one careful study pass takes about 2.2 hours, and its difficulty is moderate among Economics units. Each section below lists the questions set from it, with the year, and opens the page that teaches it.

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2.1 Aggregate Demand · read p. 26
Not asked in a national paper yet.
2.1.1 Concept of Aggregate Demand · read p. 26
Not asked in a national paper yet.
2.1.2 Te Aggregate Demand Curve · read p. 27
  • 2018 E.C., Q12 – Which one of the following correctly explains the concept of aggregate demand?
  • 2018 E.C., Q58 – For a constant aggregate demand, if the shock in the economy shifts the aggregate supply curve to the left, what would be the possible cause?
  • 2018 E.C., Q9 – Which one of the following correctly defines investment?
  • 2017 E.C., Q4 – Among the following statements, which one is correct about the short-run aggregate supply curve?
  • 2017 E.C., Q40 – Which one of the following is correct about factors affecting household consumption expenditure?
  • 2017 E.C., Q27 – Which one of the following is the main objective of taxation?
  • 2017 E.C., Q39 – Which one of the following best describes about aggregate demand in a given country?
  • 2017 E.C., Q2 – What is the effect of an exogenous increase in government spending?
  • 2017 E.C., Q1 – Which one of the following is a determinant of aggregate demand?
  • 2017 E.C., Q81 – Which of the following increase consumption?
  • 2017 E.C., Q3 – Which one of the following is correct about factors affecting aggregate supply?
  • 2016 E.C., Q7 – Among the following, which one differentiates change in quantity demanded from change in aggregate demand?
  • 2016 E.C., Q6 – What impacts on our aggregate demand do you expect if the level of economic activities in other countries increase?
  • 2016 E.C., Q64 – Which one of the following is the component of aggregate demand that includes private purchases of structures, equipment's and accumulation of inventories?
  • 2016 E.C., Q1 – Which one of the following represents the increase in the quantity supplied of real GDP due to the increase in the price level?
  • 2016 E.C., Q8 – Which of the following is correct about aggregate demand curve?
  • 2016 E.C., Q4 – Which one of the following is correct about the economy when it is in long run equilibrium?
  • 2016 E.C., Q65 – In macroeconomics, the current consumption expenditure is likely to increase due to
2.1.3 Shifs in the Aggregate Demand Curve · read p. 30
Not asked in a national paper yet.
2.2 Aggregate Supply · read p. 35
Not asked in a national paper yet.
2.2.1 Concept of Aggregate Supply · read p. 35
Not asked in a national paper yet.
2.2.2 Te Upward Sloping Aggregate Supply Curve: Te Short Run (SRAS) · read p. 36
  • 2018 E.C., Q13 – What explains the upward slope of the aggregate supply curve?
  • 2017 E.C., Q5 – Which one of the following is true about short-run equilibrium in the economy?
  • 2017 E.C., Q37 – Which one of the following macroeconomic school stressed the existence of nominal rigidities arising from nominal wage contracts?
  • 2016 E.C., Q10 – Which one of the following is the main factor that affects the amount of output firms are willing to supply?
  • 2016 E.C., Q2 – When the economy is in the long run, which of the following is correct?
  • 2016 E.C., Q9 – What is the implication of the Keynesian horizontal aggregate supply curve?
  • 2016 E.C., Q3 – What is the pressure on price when the quantity demanded of real GDP is greater than the quantity supplied of real GDP during the short run?
2.2.3 Te Vertical Aggregate Supply Curve: Te Long Run (LRAS) · read p. 40
Not asked in a national paper yet.
2.3 Equilibrium of Aggregate Demand and Aggregate Supply · read p. 41
Not asked in a national paper yet.
2.3.1 Shocks to Aggregate Demand · read p. 43
Not asked in a national paper yet.
2.3.2 Shocks to Aggregate Supply · read p. 44
Not asked in a national paper yet.