This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 81 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 81 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following would not cause a shift in the long-run aggregate supply curve? A) An increase in the available capital. B) An increase in the available labourd. C) An increase in the available technologye. D) An increase in price expectations. E) All of these answers shift the long-run aggregate supply curve. Show Answer Correct Answer: D) An increase in price expectations. 2. The quantity of goods and services purchased at all possible price levels is known as. A) Demand. B) Supply. C) Aggregate demand. D) Aggregate supply. Show Answer Correct Answer: C) Aggregate demand. 3. Which of the following is a flow concept A) Speed. B) Distance. C) Both. D) None. Show Answer Correct Answer: A) Speed. 4. A weakening Rupiah will have an impact.....on the equity market. A) Constant. B) Positive. C) Negative. D) All three are correct. Show Answer Correct Answer: C) Negative. 5. The demand for money is most dependent upon? A) The level of prices. B) The interest rate. C) The availability of banking outlets. D) The availability of credit card. Show Answer Correct Answer: A) The level of prices. 6. Investment in education impacts the productivity of a nation. A) True. B) False. Show Answer Correct Answer: A) True. 7. Which of the following is an example of fiscal policy? A) Increasing government expenditures to build highways. B) Increasing the money supply to increase income. C) Decreasing the discount rate to lower unemployment and inflation. D) Decreasing the federal funds rate to stimulate investment. E) Decreasing the reserve ratio to increase bank reserves. Show Answer Correct Answer: A) Increasing government expenditures to build highways. 8. Normally a demand curve will have the following shape: A) Horizontal. B) Vertical. C) Downward slope. D) Upward slope. Show Answer Correct Answer: C) Downward slope. 9. Which of the following is an abbreviation for the amount of money in the narrow sense? A) M1. B) What. C) With. D) Mch. Show Answer Correct Answer: A) M1. 10. Who will benefit if the inflation rate over a thirty-year period is higher than expected? A) Lenders who provided thirty-year mortgage loans. B) Borrowers who took out thirty-year mortgage loans. C) People who purchased their homes without a mortgage loan. D) People who sold their homes to a buyer with a mortgage loan. Show Answer Correct Answer: B) Borrowers who took out thirty-year mortgage loans. 11. The IS curve will ..... if firms expect lower sales in the future A) Shift to the right. B) Unchanged. C) Shift down. D) Shift to the left. Show Answer Correct Answer: A) Shift to the right. 12. Equilibrium of consumer A) MUx/Px = MUy/Py. B) Px/MUx = Py/MUy. Show Answer Correct Answer: A) MUx/Px = MUy/Py. 13. Shows the relationship between unemployment and inflation after expectations of inflation have had time to adjust to experience. A) Short Run Phillips Curve. B) Long Run Phillips Curve. C) Elon Musk. D) None of above. Show Answer Correct Answer: B) Long Run Phillips Curve. 14. What type of inflation is normal for an economy? A) Creeping Inflation. B) Hyperinflation. C) Deflation. D) Upward Inflation. Show Answer Correct Answer: A) Creeping Inflation. 15. The actions of the FED that control and regulate the amount of money in the economy are referred to as A) Fiscal policy. B) Monetary policy. C) International trade. D) Opportunity costs. Show Answer Correct Answer: B) Monetary policy. 16. When you buy a PlayStation instead of an X-Box because the price of the PlayStation went up, this is an example of what? A) Complements. B) Substitutions. C) Elasticity. D) Economics. Show Answer Correct Answer: B) Substitutions. 17. This is the factor by which a change in tax collections changes real GDP. A) Tax Multiplier. B) Balanced Budget Multiplier. Show Answer Correct Answer: A) Tax Multiplier. 18. Automatic stabilizers ..... A) Increase government revenues during recessions. B) Increase government revenue during expansion. C) Reduce government spending during recessions. D) Are not affected by recessions or expansions. E) Are not accurately described by any of these statements. Show Answer Correct Answer: B) Increase government revenue during expansion. 19. Gross Domestic Product (GDP) that is measured using current prices is called A) Nominal GDP. B) Real GDP. C) Constant GDP. D) Deflated GDP. Show Answer Correct Answer: A) Nominal GDP. 20. Which one of the following is NOT likely to be a result of a high rate of inflation? A) People will increasingly rely upon barter. B) People will be more likely to postpone major purchases. C) Wealth will be redistributed from creditors to debtors. D) Menu costs will increase. E) People on fixed pensions will see the value of their pensions decrease. Show Answer Correct Answer: B) People will be more likely to postpone major purchases. ← 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