Question : The aggregate demand curve slopes downward because of the:

Option 1: Wealth effect
 

Option 2: Interest rate effect
 

Option 3: Foreign trade effect

Option 4: All of the above

Question : The aggregate supply curve shows the relationship between:

Option 1: Price level and aggregate demand
 

Option 2: Price level and real GDP
 

Option 3: Interest rate and investment expenditure

Option 4: Inflation and unemployment

Question : In the long run, the aggregate supply curve is:

Option 1: Vertical
 

Option 2: Horizontal
   

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the short run, the aggregate supply curve is:

Option 1: Vertical
   

Option 2: Horizontal
   

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the long run, the aggregate supply curve is:

Option 1: Vertical
 

Option 2: Horizontal
  

Option 3: Upward-sloping

Option 4: Downward-sloping