Ch 37: ORELA Business Education: Aggregate Supply & Demand

About This Chapter

Let us help you reinforce your understanding of aggregate supply and demand. These video lessons and quizzes present material you can expect to be tested on when taking the Oregon Educator Licensure Assessments (ORELA) Business Education exam.

ORELA Business Education: Aggregate Supply and Demand - Chapter Summary

This chapter's lessons provide you with the opportunity to enhance what you know or learn new facts about what is meant by aggregate supply and demand. You will review definitions and examples to ensure your understanding of this topic. Once you have mastered this material, you will possess the following abilities that will prove useful when answering relevant questions on the ORELA Business Education exam:

  • Defining aggregate supply and aggregate demand
  • Explaining the aggregate supply and demand model
  • Identifying types of goods produced as a result of aggregate supply
  • Listing factors that impact aggregate supply
  • Describing aggregate supply in the short run
  • Listing ways to segment markets
  • Comparing favorable and unfavorable supply shocks

Easy-to-follow video lessons make learning the material fun. Once you have viewed the videos, you can gauge your understanding of the content by taking the self-assessment quizzes accompanying each lesson.

ORELA Business Education: Aggregate Supply and Demand - Chapter Objectives

The ORELA Business Education exam is used to measure your understanding of various business principles and practices. The Aggregate Supply and Demand chapter focuses on topics relating to business economics that you can expect to be tested on in this exam. These questions appear in the third domain of the Business Education exam, which represents 19% of the total test. The exam is computer-based and consists of 150 multiple-choice questions. A score of 234 is required to pass this exam.

The state of Oregon uses ORELA exams to determine a teacher's eligibility for licensure by assessing their instructional abilities and knowledge of general and specific content areas. Tests are given at the K-12 levels. Educators can show their understanding of general concepts in math, science, English and social studies and also choose to take content area exams in a wide range of subjects including art, chemistry, history, health or physical education. Non-teaching exams are also available for counselors, librarians and administrators.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the ORELA Business Education: Practice & Study Guide course