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Macroeconomics Quiz 176 (30 MCQs)

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1. Greater protection of private property rights affect on steady state level and steady state growth of total output per person
2. Which tool of monetary policy matches this definition:Banks must keep percentage of deposits on hand
3. An increase of prices lead to
4. The Policy That Regulates Interest Rates Called?
5. When you buy and sell items from a store, you are using money as a .....
6. Which of the following is NOT studied under microeconomics?
7. Which of the following best defines unemployment rate?
8. What Is The Point Of Classical Economics?
9. The common relationship that a higher price to a lower quantity demanded of a certain good or service and a lower price leads to a higher quantity demanded, while all other variables are held constant
10. Predicting how higher US inflation will affect the international value of the dollar
11. If the Federal Reserve wanted to stimulate the economy (make it grow), they might
12. A firm intends to expand its scale of production by investing in additional factory space and machinery. What immediate impact will this decision have on its costs?
13. A rightward shift in the short-run aggregate supply curve will occur when
14. The expenditures approach to calculating GDP uses the following equation:
15. What will you pay back if you borrow $
16. Because fiscal policies have to come from Government, they sometimes suffer from an "inside" lag. What does this mean?
17. Which of the following is a true statement about the economic development of nations?
18. The study of national income accounting has become very important in recent years for the following reasons EXCEPT:
19. 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
20. It happens when the workers demand for a wage increase, the employers act on it by increasing the price of the products.
21. Which of the following statements would be classified as "full employment'?
22. The money that businesses spend in; buildings, land, equipment and people.
23. During downturns in the business cycle, the duration of unemployment generally increases.
24. The unemployment rate is rated as between this percentage point.
25. Bert just graduated from college and is in the midst of applying for jobs. What type of unemployment is he experiencing?
26. Which of the following actions would the central bank use to address inflation?
27. In the short-run, if the government cuts back spending to balance its budget, it will likely cause a recession
28. 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:
29. Paper money backed by something tangible-such as silver or gold-that gives it value.
30. Explaining the relationship between interest rates and the money supply
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