This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 269 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 269 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Because fiscal policies have to come from Government, they sometimes suffer from an "inside" lag. What does this mean? A) The specifics of the policies are slow to be created. B) The policies are only useful for people inside the government. C) The policies affect other countries first, then the US. D) The policies are enacted quickly, but take a long time to work. Show Answer Correct Answer: A) The specifics of the policies are slow to be created. 2. Which of the following is a true statement about the economic development of nations? A) Resources and technology influence the economic development and quality of life of nations. B) Although important, the economic development of nations has little effect on the quality of life of its people. C) Modern technology is so widespread today that most people around the world have an acceptable quality of life. D) All but a few countries are developednations today. Show Answer Correct Answer: A) Resources and technology influence the economic development and quality of life of nations. 3. The study of national income accounting has become very important in recent years for the following reasons EXCEPT: A) Standard of living comparison. B) Economic performance over time. C) National planning. D) Races contribution. Show Answer Correct Answer: D) Races contribution. 4. In the U.S. we have a calm assurance that we can get consistent access to energy resources and food, which is representative of economic A) Innovation. B) Growth. C) Predictability. D) Equity. Show Answer Correct Answer: C) Predictability. 5. It happens when the workers demand for a wage increase, the employers act on it by increasing the price of the products. A) Demand-pull. B) Cost-push. Show Answer Correct Answer: B) Cost-push. 6. Which of the following statements would be classified as "full employment'? A) Everyone who wants to work has a job. B) Approximately 95% of people have a job. C) People who have been hunting for a job for a long time. D) Everyone who wants to work have full time jobs. Show Answer Correct Answer: B) Approximately 95% of people have a job. 7. The money that businesses spend in; buildings, land, equipment and people. A) Social Progress Index. B) Exportations and Importations. C) Investment. D) Inflation. Show Answer Correct Answer: C) Investment. 8. During downturns in the business cycle, the duration of unemployment generally increases. A) True. B) Lie. Show Answer Correct Answer: A) True. 9. The unemployment rate is rated as between this percentage point. A) 0% to 2%. B) 2% to 4%. C) 4% to 6%. D) 6% to 8%. Show Answer Correct Answer: C) 4% to 6%. 10. Bert just graduated from college and is in the midst of applying for jobs. What type of unemployment is he experiencing? A) Frictional. B) Structural. C) Seasonal. D) Cyclical. Show Answer Correct Answer: A) Frictional. 11. Which of the following actions would the central bank use to address inflation? A) Make an open-market sale of Treasury bills. B) Increase the money supply. C) Lower the discount rate. D) Raise taxes. Show Answer Correct Answer: A) Make an open-market sale of Treasury bills. 12. In the short-run, if the government cuts back spending to balance its budget, it will likely cause a recession A) True. B) False. Show Answer Correct Answer: A) True. 13. An economic system in which a country's government makes strict rules that determine what products are made, who makes it, and how it is sold is an example of: A) Market Economy. B) Traditional Economy. C) Command Economy. D) None of the Above. Show Answer Correct Answer: C) Command Economy. 14. Paper money backed by something tangible-such as silver or gold-that gives it value. A) Gold Standard. B) Fiat Money. C) Representative Market. D) Commodity Market. Show Answer Correct Answer: C) Representative Market. 15. Explaining the relationship between interest rates and the money supply A) Macroeconomics. B) Microeconomic. Show Answer Correct Answer: A) Macroeconomics. 16. When using the expenditures approach, which category of gross domestic product (GDP) changes when domestic firms anticipate that a recession will occur soon? A) Net Exports. B) Investment Spending. C) Consumption Spending. D) Government Spending. Show Answer Correct Answer: B) Investment Spending. 17. All of the options below are the components of quasi money EXCEPT A) Bank Negara certificate. B) Negotiable certificate. C) Fixed and savings deposits in other financial institutions. D) Fixed and savings deposits in commercial bank. Show Answer Correct Answer: C) Fixed and savings deposits in other financial institutions. 18. Similar goods that a customer see for the same purposeEx:coke vs pepsi, nike vs adidas, DopeBoy Intramural vs Essential A) Complement goods. B) Substitute goods. C) Normal goods. D) Inferior goods. Show Answer Correct Answer: B) Substitute goods. 19. During the financial crisis, which assets became "toxic" ? A) Government bonds. B) Treasury bills. C) S & P stocks. D) Mortgage backed securities. E) Utility stocks, such as water and electricity. Show Answer Correct Answer: D) Mortgage backed securities. 20. Congress has approved a budget that spends millions of dollars on defense, education, social programs, etc. Their plan also calls for an increase in taxes to help pay for all the expenses. Which best describes this plan? A) The government's monetary policy. B) The government's fiscal policy. Show Answer Correct Answer: B) The government's fiscal policy. ← 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