This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 143 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 143 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Imagine you are the head of a central bank. You decide to alter the supply of money by buying and selling government securities. What is this process called? A) Open Market Operations. B) Expansion. C) Discount Rate. D) Trough. Show Answer Correct Answer: A) Open Market Operations. 2. Which of the following did NOT contribute to the rise of unions? A) Increased immigration to the urban centers of the Northeast. B) Child Labor. C) Dangerous conditions in factories. D) Government policies giving more power to workers. Show Answer Correct Answer: D) Government policies giving more power to workers. 3. Economic agents include: A) Government. B) Consumers. C) Producers. D) All of these. Show Answer Correct Answer: D) All of these. 4. According to the Keynesian view of macroeconomics, what should be the role of the government as far as economic policy? A) The government should keep the growth rate of the money supply stable. B) The government should maintain a fixed interest rate. C) The government should try to raise the AS curve. D) The government should try to stabilize the AD curve. E) The government should not intervene in the economy. Show Answer Correct Answer: D) The government should try to stabilize the AD curve. 5. Advising a corporation about an investment proposal A) Macroeconomics. B) Microeconomic. Show Answer Correct Answer: B) Microeconomic. 6. A Monetary History of the United States, 1867-19602.Made the "Free to Choose" video series and yes selling companion book (1980) 3. Won the Nobel Prize in Economics, 1976 A) Karl Marx. B) Adam Smith. C) Friedrich Hayek. D) Milton Friedman. Show Answer Correct Answer: D) Milton Friedman. 7. Jordan has a fixed interest rate of 6% on her 20 year mortgage. Which statement demonstrates the effect of unanticipated inflation on Jordan's ability to repay her loan? A) She loses because her interest rate will rise when there is more inflation. B) She loses because the bank will now expect her to repay the balance of the loan immediately. C) She gains because she is repaying the loan with money that has less purchasing power than the money she borrowed. D) She gains because the loan will now take less time to repay the mortgage. Show Answer Correct Answer: C) She gains because she is repaying the loan with money that has less purchasing power than the money she borrowed. 8. All the followings are examples of direct tax EXCEPT ..... A) Personal income tax. B) Company tax. C) Stamp duties. D) Services tax. Show Answer Correct Answer: D) Services tax. 9. Consumption function in Solow model A) C=(1-s)y or c=(1-s)f(k). B) C=(1-s)y or c=(1-s)sf(k). C) C=(s-1)y or c=(1-s)f(k). D) None of above. Show Answer Correct Answer: A) C=(1-s)y or c=(1-s)f(k). 10. ..... is the study of economics from the viewpoint of the entire economy. A) Microeconomics. B) Macroeconomics. C) Normative economics. D) Descriptive economics. Show Answer Correct Answer: B) Macroeconomics. 11. Ang pagkompyut ng GDP at GNI ay may tatlong (3) paraan:Value-Added o Industrial Origin Approach, Factor Income Approach at ..... A) Final Expenditure Approach. B) National Income Accounting Approach. C) Economic Indicators Approach. D) Gross National Product Approach. Show Answer Correct Answer: A) Final Expenditure Approach. 12. To offset an inflationary boom, appropriate Fed policy could be to ..... reserve requirements to ..... AD. A) Increase; increase. B) Increase; decrease. C) Decrease; increase. D) Decrease; decrease. Show Answer Correct Answer: B) Increase; decrease. 13. ..... consists of human-made goods such as buildings and machines used to produce other goods and services. A) Physical Capital. B) Human Capital. C) Labor Capital. D) Technology Capital. Show Answer Correct Answer: A) Physical Capital. 14. True or False:Monetarism asserts that GDP will grow steadily if the money supply grows steadily. A) True. B) False. Show Answer Correct Answer: A) True. 15. The difference between GDP and GNP is A) Subsidy. B) Indirect tax. C) Depreciation. D) Net property income from abroad. Show Answer Correct Answer: D) Net property income from abroad. 16. Typically, the demand is high but the supply is low for A) Professional workers. B) Semi-skilled workers. C) Temporary workers. D) Unskilled workers. Show Answer Correct Answer: A) Professional workers. 17. Long-term or "trend" growth in U.S. Real GDP is an annual rate of growth of approximately: A) 3%. B) 5%. C) 7%. D) 9%. Show Answer Correct Answer: A) 3%. 18. Which of the following is not a SHIFTER of short-run aggregate supply? A) A change in price of resources. B) A change in the population. C) A change in government policy. D) A change in future expectations about price. Show Answer Correct Answer: B) A change in the population. 19. What is the MAIN difference between inflation and deflation? A) Deflation is much rarer than inflation in an economy. B) Deflation is more helpful to the economy than inflation. C) Inflation decreases purchasing power ($ 10 buys less today than in the past), while deflation increases purchasing power. D) Deflation decreases purchasing power ($ 10 buys less today than in the past), while inflation increases purchasing power. Show Answer Correct Answer: C) Inflation decreases purchasing power ($ 10 buys less today than in the past), while deflation increases purchasing power. 20. Which statement is true about inflation? A) Is a concern for the nation's economy but not for individuals. B) Affects individual consumer in different ways. C) Is a concern for individuals but not for the overall economy. D) Causes the value of a dollar to increase over time. Show Answer Correct Answer: B) Affects individual consumer in different ways. ← PreviousNext →Related QuizzesEconomics QuizzesMacroeconomics Quiz 1Macroeconomics Quiz 2Macroeconomics Quiz 3Macroeconomics Quiz 4Macroeconomics Quiz 5Macroeconomics Quiz 6Macroeconomics Quiz 7Macroeconomics Quiz 8Macroeconomics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books