This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 213 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 213 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Macroeconomics is a study of economics that deals with 4 major factors ; A) Household, firms, government, and demand-supply. B) Household, firms, government and external factor. C) Firms, government, free-market, and regulations. D) None of the above. Show Answer Correct Answer: B) Household, firms, government and external factor. 2. Which part below is responsible for determining the monetary policy to control the amount of money in the economic system A) Ministry of Finance. B) Central bank. C) Foreign Commercial Bank of Laos Mass. D) Ministry of Industry and Trade. Show Answer Correct Answer: B) Central bank. 3. In 2011, Canada provided 24% of U.S. crude oil imports. What effect would a tariff on Canadian oil have on the U.S. economy? A) Demand for fuel efficient cars would increase. B) Demand for alternative fuels would decrease. C) Transportation costs would decrease. D) Production of trucks would increase. Show Answer Correct Answer: A) Demand for fuel efficient cars would increase. 4. ..... is the use of monetary and fiscal policy to smooth out the business cycle. A) Macroeconomic Policy Activism. B) Discretionary Monetary Policy. C) Monetary Policy Rule. D) Political Business Cycle. Show Answer Correct Answer: A) Macroeconomic Policy Activism. 5. What is the difference between a ROTH and a traditional retirement account? A) ROTH contributions are after-tax, while traditional retirement contributions are before tax. B) ROTH contributions are pre-tax, while traditional retirement contributions are after tax. C) ROTHs are for people who want a traditional retirement. D) None of above. Show Answer Correct Answer: A) ROTH contributions are after-tax, while traditional retirement contributions are before tax. 6. Which of the following is not the source of supply of foreign exchange A) Exports. B) Investment by foreign countries. C) Imports. D) Remittances from abroad. Show Answer Correct Answer: C) Imports. 7. Which of the following items raises the supply of foreign exchange? A) Imports of Goods from china. B) Indian students going to USA for MBA. C) Donation of 50mn$ received from Microsoft. D) Purchase of land in England. Show Answer Correct Answer: C) Donation of 50mn$ received from Microsoft. 8. What typically happens to consumer & business spending when interest rates go up? A) Both types of spending increase. B) Consumer spending increases & business spending decreases. C) Both types of spending decrease. D) Business spending increases & consumer spending decreases. Show Answer Correct Answer: C) Both types of spending decrease. 9. Discouraged workers:some people are no longer looking for a job because they have given up. Underemployed workers:Someone who wants more hours but can't get them is still considered employed A) Criticisms of the unemployment rate. B) Labor Force Participation Rate. C) US is at full employment. D) Zero percent unemployment is not our goal. Show Answer Correct Answer: A) Criticisms of the unemployment rate. 10. A leftward shift of the supply curve for computers could be caused by which of the following in the short run? A) A decrease in the number of computer manufacturers. B) A decease in taxes on computer manufacturers. C) A decrease in the price of computers. D) A decrease in the price of components used to assemble computers. E) An increase in the price of mobile devices, a substitute good. Show Answer Correct Answer: A) A decrease in the number of computer manufacturers. 11. Which economic system are all resources privately owned and the buyers and sellers answer the three economic questions? A) Traditional. B) Command. C) Market. D) Mixed. Show Answer Correct Answer: C) Market. 12. The American standard toilet is the microeconomics A) True. B) False. Show Answer Correct Answer: B) False. 13. Follows 500 stock prices to measure the health of the market A) Dow Jones. B) S & P 500. C) NYSE. D) NASDAQ. Show Answer Correct Answer: B) S & P 500. 14. Bad credit can affect your ability to A) Buy a home. B) Get a job. C) Get a loan. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following is the most correct statement about the relationship between inflation and unemployment? A) In the short run, reducing inflation is associated with falling unemployment. B) In the short run, reducing inflation is associated with rising unemployment. C) In the long run, reducing inflation is associated with falling unemployment. D) In the long run, reducing inflation is associated with rising unemployment. Show Answer Correct Answer: B) In the short run, reducing inflation is associated with rising unemployment. 16. What is the peak in the business cycle? A) The accumulation of government deficits over the years. B) The highest point of Real GDP. C) The lowest point of Real GDP. D) The period of falling Real GDP. Show Answer Correct Answer: B) The highest point of Real GDP. 17. After graduating from graduate school, I'm ready to reenter the workforce and start looking for a teaching job. This is an example of ..... unemployment A) Cyclical. B) Structural. C) Frictional. D) None of above. Show Answer Correct Answer: C) Frictional. 18. What can the Federal Reserve due to help prevent crowding out? A) Increase reserve ratios. B) Decrease personal income taxes. C) Selling government securities to banks. D) Lower the discount rate. Show Answer Correct Answer: D) Lower the discount rate. 19. Withdrawal from the income expenditure system. A) Savings. B) Consumption. C) Investment. D) Leakages. Show Answer Correct Answer: D) Leakages. 20. What are the tools of fiscal policy? A) Taxes and Interest rates. B) Interest rates only. C) Government spending and Taxes. D) Government spending only. Show Answer Correct Answer: C) Government spending and Taxes. ← 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