This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 243 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 243 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The ..... is the unemployment rate at which inflation does not change over time. A) Nonaccelerating Inflation Rate of Unemployment. B) Accelerating Inflation Rate of Unemployment. C) Stagnating Inflation Rate of Unemployment. D) Decreasing Inflation Rate of Unemployment. Show Answer Correct Answer: A) Nonaccelerating Inflation Rate of Unemployment. 2. Inputs into production that nature (land, river, mineral deposits) A) Human capital. B) Physical capital. C) Natural resources. D) Productivity. Show Answer Correct Answer: C) Natural resources. 3. Who does Inflation hurt? A) People with a fixed income. B) Savers. C) Money Lenders at fixed interest rates. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. After much debate in Congress, the House and Senate finally pass a bill calling for a 1 percent tax decrease and a cut in federal funding. This is an example of A) Fiscal policy. B) Monetary policy. C) Open market operations. D) Tight money policy. Show Answer Correct Answer: A) Fiscal policy. 5. What is an example of cyclical unemployment? A) A recent college graduate looking for their first job. B) A VCR repairman who lost their job due to obsolescence. C) A person that lost their job due to a recession. D) A person who has given up looking for work. Show Answer Correct Answer: C) A person that lost their job due to a recession. 6. Trade fails = A) Output>spendingexports>imports. B) Spending>outputimports>exports. C) Spending D) Spendingexports. Show Answer Correct Answer: B) Spending>outputimports>exports. 7. Bantuan Langsung Tunai is not counted in GDP A) True. B) False. Show Answer Correct Answer: A) True. 8. Which one of the following is NOT included in the M2 measure of money? A) The value of coins in circulation. B) The value of checking accounts. C) The value of savings accounts. D) The value of money market accounts. E) The value of credit card balances. Show Answer Correct Answer: E) The value of credit card balances. 9. Percent of population in the labor force. If people leave the labor force, the unemployment rate falls. A) Labor Force Participation Rate. B) Natural Rate of Unemployment (NRU). C) Full Employment Output (Y). D) Unemployment. Show Answer Correct Answer: A) Labor Force Participation Rate. 10. What is true about equilibrium price level? A) Firms will not be able to sell what they want to sell. B) Consumers will not be able to buy what they want to buy. C) Firms sell what they want to sell and consumers buy what they want to buy. D) There will be either surplus or shortage of products in the economy. Show Answer Correct Answer: C) Firms sell what they want to sell and consumers buy what they want to buy. 11. Which of the following best explains why Bitcoin is not currently functioning well as money in the US? A) It is accepted by many US merchants. B) It is a digital currency. C) It is not backed by a commodity (such as gold or silver). D) Its value is highly volatile. Show Answer Correct Answer: D) Its value is highly volatile. 12. In which part of the GDP calculation does this fit?The US military spends $ 5 billion on five new helicopters. A) Consumer spending. B) Government spending. C) Investment spending. D) Net exports. Show Answer Correct Answer: B) Government spending. 13. Which of the following is not an example of contractionary monetary policy? A) Raising corporation tax rates. B) Raising interest rates. C) The sale of government bonds. D) Raising the commercial bank reserve requirements. Show Answer Correct Answer: A) Raising corporation tax rates. 14. Fill in the blanks:If the Rupee/US Dollar exchange rate goes from Rs. 85 per USD to Rs 80 per USD, then the Indian Rupee has ..... and the US Dollar has ..... A) Appreciated, depreciated. B) Depreciated, appreciated. C) Appreciated, appreciated. D) Depreciated, depreciated. Show Answer Correct Answer: A) Appreciated, depreciated. 15. If Ahmad buys a car for his own personal use, the item is regarded as: A) Government expenditure. B) Consumption. C) Investment. D) Export/Import. Show Answer Correct Answer: B) Consumption. 16. Which of these following example can be counted in GDP? A) Your grandmother wins $ 10 million in the lottery. B) Company A takeover by purchasing all the assets of Company B. C) Buy mozzarella cheese to store it as restaurant's inventory. D) You buy a used copy of this textbook. Show Answer Correct Answer: C) Buy mozzarella cheese to store it as restaurant's inventory. 17. Programs that are triggered (social security, progressive taxes) if changes in the economy threaten personal income are called A) Mood stabilizers. B) Implementation lag. C) Automatic stabilizers. D) Legislative lag. Show Answer Correct Answer: C) Automatic stabilizers. 18. The price of goods gradually increasing over time defines what economic situation? A) Deflation. B) Inflation. C) Recession. D) Depression. Show Answer Correct Answer: B) Inflation. 19. Which restriction to trade occurs when the value of an individual's currency is less than the value of the currency of a country they are visiting? A) Inflation. B) Tariff. C) Embargo. D) Exchange rate. Show Answer Correct Answer: D) Exchange rate. 20. Which component of GDP is the largest? A) Consumption. B) Income. C) Government purchases. D) Exports. E) Imports. Show Answer Correct Answer: A) Consumption. ← 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