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Macroeconomics Quiz 145 (20 MCQs)

Quiz Instructions

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1. The interest rate that banks charge their best customers.
2. A present-day example of laissez-faire economics would be
3. If the spending multiplier is 3.3 (1/0.3=3.3), how much will £560 of new consumption increase GDP?
4. A(n) ..... bank accepts deposits and is covered by deposit insurance.
5. An increase in the money supply must cause which of the following?
6. Discouraged workers in the economy implies that the measurement of unemployment .....
7. On a business cycle graph, what is the top point of the curve where there is maximum level of GDP?
8. The circular flow of income for a two-sector model shows .....
9. Autononus consumption is the level of consumption, when the .....
10. A government reduces its budget deficit. Other things remaining the same, the most likely short-run impact of this policy is
11. Tax on the estate, or total value of money and property of a person who has died. Includes money, real estate, cares, furniture, investments, jewelry, paintings and insurance
12. If the demand for a good increases when people's incomes increase,
13. The purchase of government bonds from the public in the open market by the Federal Reserve will
14. TRUE or FALSE:The unemployment levels in some European countries are still higher in 2016 than they were before the euro crisis.
15. Charlie's father used to work in a factory twisting lids onto bottles. However, his father was recently laid off because the company purchased a robot that can do the job more efficiently. What type of unemployment is he experiencing?
16. A major advantage of a market economy
17. Which type of union is an association of all the workers from the same business, regardless of what job they hold?
18. The FED would use monetary ..... policy when the economy is growing and at it's peak.
19. True or False:Education spending is slightly larger at the federal level than at the state and local level.
20. ..... focuses on the ability of shifts in aggregate demand to influence aggregate output in the short run.
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