This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 219 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 219 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Work that is temporary or part-time A) Wages. B) Contingent Employment. C) Full Employment. D) Independent Contractors. Show Answer Correct Answer: B) Contingent Employment. 2. Which of the following is a supply-side policy aimed at reducing costs for businesses? A) Reducing tax rates. B) Increasing government spending. C) Implementing price controls. D) Increasing interest rates. Show Answer Correct Answer: A) Reducing tax rates. 3. The Inflation is a macroeconomic indicator, it refers to the porcentage of the population that is:looking for a job, out of work, and/or willing to work A) True. B) False. Show Answer Correct Answer: B) False. 4. Which one of the following is the best explanation of macroeconomics? A) The study of economics. B) The study of decisions that businesses and individuals make in the marketplace. C) The study of the global economy. D) The study of economic phenomena that affects an entire economy. Show Answer Correct Answer: D) The study of economic phenomena that affects an entire economy. 5. Katia is an accountant in a government run business where she was placed after graduation. A) Command. B) Traditional. C) Free Market. D) Mixed. Show Answer Correct Answer: A) Command. 6. Which of the following would be included in Gross Private domestic Investment (GDPI) A) Investments by firms and households on stocks, bonds, and other financial assets. B) Investments by households on education and training. C) Investments by firms on machinery, tools, and equipment. D) Investments by government on long-lived projects like dams, highways, and bridges. Show Answer Correct Answer: C) Investments by firms on machinery, tools, and equipment. 7. Fiscal policy:tax increase A) Shifts IS curve to right. B) Shifts IS curve to left. C) Shifts LM curve to right. D) Shifts LM curve to left. Show Answer Correct Answer: B) Shifts IS curve to left. 8. With what kinds of topics does macroeconomics concern itself? A) Economic activities of individual firms, households, and other organizations. B) Forces of supply and demand in a particular market. C) Consumer behavior and firms output decisions. D) Aggregate economic phenomena like the rate of unemployment and inflation. Show Answer Correct Answer: D) Aggregate economic phenomena like the rate of unemployment and inflation. 9. Increase in the stock of capital is know as: A) Capital loss. B) Capital gain. C) Capital formation. D) None of these. Show Answer Correct Answer: C) Capital formation. 10. What happens when you increase the supply of money in a country? A) Decreases interest rates, increases consumption and investment, and increases aggregate demand. B) Increases interest rates, decreases consumption and investment, and decreases aggregate demand. Show Answer Correct Answer: A) Decreases interest rates, increases consumption and investment, and increases aggregate demand. 11. When are taxes (generally) due? A) April 15th. B) February 11th. C) January 25th. D) April 1st. Show Answer Correct Answer: A) April 15th. 12. Cost of inflation antara lain ..... A) Shoeleather cost. B) Menu price. C) Seigniorage. D) Semua salah. Show Answer Correct Answer: A) Shoeleather cost. 13. Which of the following is a sustained increase in the price level in an economy over time? A) Deflation. B) Inflation. C) Hyperinflation. D) Stagflation. Show Answer Correct Answer: B) Inflation. 14. When budget receipts are greater than budget expenditure such type of budget is called: A) Balanced budget. B) Deficit budget. C) Surplus budget. D) None of these. Show Answer Correct Answer: C) Surplus budget. 15. Fred Jones withdraws $ 1, 000 in cash from his savings account. What immediate effect does this transaction have on the monetary aggregate measures of M1 and M2? A) M1 | Increases-M2 | Decrease. B) M1 | Increase-M2 | No Change. C) M1 | Decrease-M2 | No Change. D) M1 | No Change-M2 | Decreases. E) M1 | No Change-M2 | No Change. Show Answer Correct Answer: B) M1 | Increase-M2 | No Change. 16. A plan to increase aggregate demand and stimulate the economy A) Contractionary Fiscal Policy. B) Expansionary Fiscal Policy. C) Contractionary Monetary Policy. D) Expansionary Monetary Policy. Show Answer Correct Answer: B) Expansionary Fiscal Policy. 17. Currently, what is U.S. money backed by? A) Frankincense. B) Gold. C) Silver. D) Trust that it is worth something. Show Answer Correct Answer: D) Trust that it is worth something. 18. A country's ..... is the difference between the value of its exports and the value of its imports during a given period. A) Balance of Payments on Goods and Services. B) Balance of Payments on the Current Account. C) Balance of Payments on the Financial Account. D) Balance of Payments Accounts. Show Answer Correct Answer: A) Balance of Payments on Goods and Services. 19. TRUE or FALSE:The ability of a river to break down certain toxic chemicals into less harmful substances is an example of the resource function. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 20. A lower real interest rate will A) Increase the loanable funds demand curve. B) Decrease the loanable funds demand curve. C) Increase the dollar amount of loanable funds exchanged but not change the loanable funds demand curve. D) Decrease the dollar amount of loanable funds exchanged but not change the loanable funds demand curve. Show Answer Correct Answer: C) Increase the dollar amount of loanable funds exchanged but not change the loanable funds demand curve. ← 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