This quiz works best with JavaScript enabled. Home > Finance > Economics > Macroeconomics > Macroeconomics – Quiz 100 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 100 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Choose the Best Answer.Which has smaller market basket, headline or core inflation? A) Headline. B) Core. Show Answer Correct Answer: B) Core. 2. What do you need to calculate in order to determine the marginal propensity to consume? A) The change in consumption divided by the change in disposable income. B) The change in consumption divided by the change in real GDP. C) The change in consumption divided by the change in savings. D) The change in income divided by the change in consumption. Show Answer Correct Answer: A) The change in consumption divided by the change in disposable income. 3. Macroeconomics approaches the study of economics from the viewpoint of: A) A typical household. B) The entire economy. C) A typical firm. D) Governmental units. Show Answer Correct Answer: B) The entire economy. 4. If the central bank sets the interest rate to be lower than what will commercial banks be able to lend A) Increased. B) Decrease. C) Does not change. D) All wrong. Show Answer Correct Answer: A) Increased. 5. The sticky price model eq A) $P=P+\frac{\left(1-s\right)a}{s}\left(Y-Y.\right)$. B) $P=EP+\frac{\left(1-s\right)a}{s}\left(Y-Y\right)$. C) $P=EP+\frac{\left(s-1\right)a}{s}\left(Y-Y.\right)$. D) $P=EP+\frac{\left(1-s\right)a}{s}\left(Y-Y.\right)$. Show Answer Correct Answer: D) $P=EP+\frac{\left(1-s\right)a}{s}\left(Y-Y.\right)$. 6. Which of the following is a macroeconomic statement? A) The price of rice decline by 1%. B) ALTEL company profit increase by 10%. C) The demand of PEPSI dropped. D) The income of Malaysian increase. Show Answer Correct Answer: B) ALTEL company profit increase by 10%. 7. One of the following explains why the Short Run Aggregate Supply (SAS) curve is upwards sloping A) All factor costs are fixed in the short run. B) Wages are fixed in the short run. C) Wages are variable in the short run. D) All factor costs are variable in the short run. Show Answer Correct Answer: B) Wages are fixed in the short run. 8. Suppose Debbie Dawn leaves her job at the Acme Jet-Pack Company to pursue her acting career. If she is unable to land any acting jobs for a few months because she is not very good, what type of unemployment is she most likely experiencing? A) Cyclical unemployment. B) Seasonal unemployment. C) Frictional unemployment. D) Structural unemployment. Show Answer Correct Answer: D) Structural unemployment. 9. Which of the following is a stock concept A) Balance Sheet. B) Profit & Loss Account. C) Both. D) None. Show Answer Correct Answer: A) Balance Sheet. 10. Which of the following is not a factor income? A) Rent. B) Wages and salaries. C) Profits. D) Scholarships. Show Answer Correct Answer: D) Scholarships. 11. The largest component of the gross domestic product (GDP) is ..... A) Government expenditures. B) Business expenditures. C) Export to other countries. D) Consumer expenditures. Show Answer Correct Answer: D) Consumer expenditures. 12. In the circular flow diagram, which sections buys goods and services from the product market and provides productive resources to the factor market ..... A) Limited Liability Partnership. B) Firms. C) Corporations. D) Households. Show Answer Correct Answer: D) Households. 13. Corporate profit is sum of A) Bonus + dividend + NFIA. B) Corporate profit tax +indirect tax + direct tax. C) Corporate profit tax + undistributed profit + distributed profit. D) Corporate tax + corporate dividends. Show Answer Correct Answer: C) Corporate profit tax + undistributed profit + distributed profit. 14. If Ahmad Manufacturing Berhad buys a car for his company use, the item is regarded as: A) Export/Import. B) Consumption. C) Government expenditure. D) Investment. Show Answer Correct Answer: D) Investment. 15. Economic system that has some market based elements and some level of government involvement. A) Market Economy. B) Mixed Economy. C) Traditional Economy. D) Command Economy. Show Answer Correct Answer: B) Mixed Economy. 16. Is deflation bad for the economy? A) Yes. B) No. C) It depends. D) None of above. Show Answer Correct Answer: C) It depends. 17. Identify the other name for Macro Economics. A) Micro Theory. B) Price Theory. C) Market Theory. D) Income Theory. Show Answer Correct Answer: D) Income Theory. 18. In Malaysia, the biggest contributor of the sources of government income is A) Sales and services taxes. B) Petroleum taxes. C) Income taxes. D) Indirect taxes. Show Answer Correct Answer: C) Income taxes. 19. If a business believes they will be able to charge more money for the product in the future, the supply curve would A) Shift left. B) Shift right. C) Not shift. D) None of above. Show Answer Correct Answer: A) Shift left. 20. Money exchanged between an individual and a store for a good or service. A) Rent. B) Revenue. C) Donation. D) Wages. Show Answer Correct Answer: B) Revenue. 21. Typical basket of of goods and services A) Budget. B) Aggregate Supply. C) Expansionary Fiscal Policy. D) Market Basket. Show Answer Correct Answer: D) Market Basket. 22. The largest component of Indonesia's GDP is A) Consumption. B) Export. C) Government Expenditures. D) Investment. Show Answer Correct Answer: A) Consumption. 23. What is the main advantage of automatic stabilizers over discretionary fiscal policy? A) Automatic stabilizers are not effective in stabilizing the economy. B) Automatic stabilizers adjust automatically to economic conditions. C) Automatic stabilizers require constant monitoring and adjustment. D) Automatic stabilizers are more expensive to implement than discretionary fiscal policy. . Show Answer Correct Answer: B) Automatic stabilizers adjust automatically to economic conditions. 24. The branch of economics that that examines the functioning of individual industries and the behavior of individual decision-making units is ..... A) Macroeconomics. B) Positive economics. C) Normative economics. D) Microeconomics. Show Answer Correct Answer: D) Microeconomics. 25. What is another name for the high court (hard) A) Last court of appeal. B) House of review. C) Court of review and power. D) People's court. Show Answer Correct Answer: A) Last court of appeal. 26. Policies that involve altering the level of interesting rates, the availability of credit in the economy, and the extent of borrowing-Deals with policymakers controlling laws over interest rates, loans, grants, and money supply A) Monetary Policy. B) Fiscal Policy. C) Imports. D) Exports. Show Answer Correct Answer: A) Monetary Policy. 27. THE FINAL FLOW OF GOODS AND SERVICES WOULD BE FROM ..... to ..... A) Product Market to Household. B) Household to Product Market. C) Factor Market to Firms. D) Firms to Product Market. Show Answer Correct Answer: A) Product Market to Household. 28. ..... is the process of bringing the inflation rate down. A) Deflation. B) Disinflation. Show Answer Correct Answer: B) Disinflation. 29. Which of the following is the correct definition for supply-side policy: A) A policy to improve the number of people who can work. B) A policy which increases the number of jobs available in the economy. C) A policy which decreases the productive potential of the economy. D) A policy which increases the productive potential of the economy. Show Answer Correct Answer: D) A policy which increases the productive potential of the economy. 30. Which of the following would increase the value of the simple spending multiplier A) An increase in exports. B) A decrease in government unemployment benefits. C) A decrease in the marginal propensity to save. D) An increase in government expenditure. E) A decrease in the marginal propensity to consume. Show Answer Correct Answer: C) A decrease in the marginal propensity to save. ← PreviousNext →Related QuizzesEconomics QuizzesFinance QuizzesMacroeconomics Quiz 1Macroeconomics Quiz 2Macroeconomics Quiz 3Macroeconomics Quiz 4Macroeconomics Quiz 5Macroeconomics Quiz 6Macroeconomics Quiz 7Macroeconomics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books