This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 49 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Supply is from the point of view of the ..... A) Politician. B) Consumer. C) Producer. D) Individual. Show Answer Correct Answer: C) Producer. 2. Give the event that the government conducts expansionary fiscal policy. What would happen with the real interest rate and total output? A) The real interest rate increases and total output decreases. B) Both are increases. C) Both are decreases. D) The real interest rate decreases and total output stays unchanged. Show Answer Correct Answer: B) Both are increases. 3. What kind of table lists the quantity of a good that the individual consumer will buy at different prices. A) Demand schedule. B) Demand curve. C) Market demand schedule. D) Market demand curve. Show Answer Correct Answer: A) Demand schedule. 4. Which of the following relates to macroeconomics studies? A) The demand and supply for sugar. B) The types of profit earned by business firms. C) The impact of the depreciation in exchange rate. D) The effect of subsidies to the level of production. Show Answer Correct Answer: C) The impact of the depreciation in exchange rate. 5. A government wishing to reduce the level of unemployment through the use of fiscal policy would be most likely to A) Lower interest rates. B) Decrease the size of the budget surplus. C) Increase the money supply. D) Encourage a depreciation of the exchange rate. Show Answer Correct Answer: B) Decrease the size of the budget surplus. 6. Takes a smaller share of one's income as the amount of income grows is A) Progressive Taxes. B) Revenue. C) Regressive Taxes. D) Evasion. Show Answer Correct Answer: C) Regressive Taxes. 7. In a budget ....., revenues are higher than expenses. A) Balanced. B) Deficit. C) Surplus. D) None of above. Show Answer Correct Answer: C) Surplus. 8. The most important measure of economic growth is ..... A) GNP. B) GNC. C) DDP. D) GDP. Show Answer Correct Answer: D) GDP. 9. Which of the following is a monetary policy action used to combat a recession? A) Cutting taxes. B) Decreasing the money supply. C) Increasing the money supply. D) None of above. Show Answer Correct Answer: C) Increasing the money supply. 10. On a micro graph, which of the following might cause demand to increase? A) A decrease in the price of a complementary good. B) Increase in sales and income taxes on consumers. C) A decline in the popularity of a product. D) A random increase in the price of the product. Show Answer Correct Answer: A) A decrease in the price of a complementary good. 11. TRUE or FALSE:In the Classical model of the labor market there is no involuntary unemployment at the equilibrium wage. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 12. Government development expenditure consists of ..... A) Pensions and gratuities. B) Debt service charges. C) Social services. D) Subsidies. Show Answer Correct Answer: C) Social services. 13. What is the earth's thickest LAYER?Hint. Made of iron, magnesium and silicon A) Crust. B) Mantle. C) Outer core. D) Lithosphere. Show Answer Correct Answer: B) Mantle. 14. TRUE or FALSE:The ability of the atmosphere to dissipate the sulfur dioxide emissions from a coal power plant is an example of the sink function. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 15. What is the number of people who work part time because they cannot find full time jobs? A) Unemployment. B) Underemployment. C) Employment. D) Discouraged Workers. Show Answer Correct Answer: B) Underemployment. 16. Which of the following activities is not included in the calculation of the national income of a country? A) A maid working for a family on a full-time basis. B) A lawyer conducting their law practice. C) A housewife performing housework chores. D) A dispensary rendering medical services. Show Answer Correct Answer: C) A housewife performing housework chores. 17. Suppose the population of 15 years old and above is 175 million people, the number of people unemployed is 20 million and the number of people employed is 130 million. Calculate the labour force participation rate A) 13.3%. B) 15.4%. C) 85.7%. D) 86.7%. Show Answer Correct Answer: C) 85.7%. 18. If the weather in Iowa is particularly hot and dry this summer and researched is published saying corn is really good for you, what will happen to the market for corn? A) Eq P increases, but we don't know what happens to Eq Q. B) Eq P decreases, but we don't know what happens to Eq Q. C) Eq Q increases, but we don't know what happens to Eq P. D) Eq Q decreases, but we don't know what happens to Eq P. Show Answer Correct Answer: A) Eq P increases, but we don't know what happens to Eq Q. 19. The market interest rate that is paid by borrowers to lenders A) Effective rate. B) Real interest rate. C) Nominal interest rate. D) Interest rate. Show Answer Correct Answer: C) Nominal interest rate. 20. To measure the stock market as a whole people look to A) Dow Jones. B) Stockbrokers. C) Individual stocks. D) Unemployment rate. Show Answer Correct Answer: A) Dow Jones. ← 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