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Macroeconomics Quiz 60 (30 MCQs)

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1. What consumer behavior is the Federal Reserve Board trying to encourage when it implements a loose monetary policy?
2. A partnership in which all partners assume full personal liability for debts of the firm
3. When the demand curve shifts to the left, this suggests demand has
4. Calculate GDP using Expenditure Approach (# in Bn$ )-Consumption 200$ , Government Spending 100$ , Family Spending on Travel 50$ , Investment 100$ , Exports 300$ and Imports 370$ ?
5. Do people have private property in a "planned economy" ?
6. What curve that explains the short-run tradeoff between inflation and unemployment?
7. ..... are exchange rates adjusted for international differences in aggregate price levels.
8. ..... taxes are designed to take a larger percentage of high incomes as compared to lower incomes.
9. Explaining how technological change affects worker productivity
10. When the US is is making more money than it is spending, it is operating in a
11. The rate at which a consumer is willing to trade one good for another
12. For example, a bank sets loan interest to customers at a fixed 7% and inflation at that time is at the level of 9%, then as a result of this inflation the bank will experience.....
13. Refer to Table 1 below. The value of net factor payments to the rest of the world in billions of dollars isTable 1 Compensation of employees 2000Indirect taxes 234Direct taxes Subsidies 100Payments of Factor income to the rest of the world 40Receipts of Factor income from the rest of the world 15
14. Professional Labor has what type of human capital?
15. Which of the following regions includes mostly developing nations?
16. Exports minus imports may be defined as:
17. Someone buys a house with a 30 year fixed rate loan
18. Which of the following is NOT a component of Aggregate Demand?
19. The overall supply of goods in an economy is known as
20. Why do countries experiencing hyperinflation continue to print so much money?
21. What does unemployment rate measure?
22. Which of the following might be a sign of an economic trough?
23. Interest rate that the Federal Reserve System charges on loans to the nation's financial institutions.
24. The Federal Reserve System conducts its business directly with
25. Through open market operations, the Federal Reserve buys and sells government securities to influence the supply of bank reserves. When the Fed wants to increase excess reserves held by banks, it does what?
26. The use of money and credit controls to change the macroeconomy is
27. If aggregate demand and real GDP are slowly beginning to rise and the unemployment rate is just beginning to fall, which conclusion is most likely?
28. Which of the following lies in the field of macroeconomics?
29. A rise in prices is called .....
30. If the interest rate is 2%, what is the present value of $ 1 paid to you in one year?
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