Aggregate Supply in the Short Run

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which best defines aggregate supply in the short-run?

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1. What is meant by short run'?

2. Which is the best description of the short-run aggregate supply curve?

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About This Quiz & Worksheet

Aggregate supply in the short run, often shortened to SRAS, is an important thing to understand in business economics. In this quiz, you can assess how deep your knowledge goes when it comes to SRAS, as well as its determinants.

Quiz & Worksheet Goals

This quiz tests your understanding of:

  • The definition of aggregate supply in the short run
  • What short run means
  • The appearance of the short-run aggregate supply curve
  • Determinants that can increase or decrease aggregate supply in the short run
  • Examples of short-run determinants

Skills Practiced

  • Reading comprehension - drawing the most important information from the corresponding SRAS lesson
  • Distinguishing differences - compare and contrast terms like long-run determinants and short-run determinants
  • Information recall - remembering the information learned in the lesson on SRAS

Additional Learning

If you'd still like to learn more about SRAS, we recommend reading through the accompanying lesson to this quiz on Aggregate Supply in the Short Run. This lesson covers the following objectives:

  • Define terms such as aggregate supply, short run and SRAS
  • Know how to determine the length of aggregate supply in the short run
  • Explore examples of short-run determinants in SRAS
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