Question 1
The position of the
AS curve is influenced by all but ONE of the following. Which one?
◦ Consumption
◦ Education and training
◦ Productivity
◦ Production costs
◦ Technology
Question 2
Which of the following factors will NOT cause the
AD curve to shift to the right?
◦ Higher prices lead to higher interest rates.
◦ A rise in prices abroad leads to a rise in the demand for UK exports.
◦ The government reduces interest rates.
◦ Consumer confidence improves.