C1 : SET 2 - INTRODUCTION TO MACROECONOMICS

Which of the following is related to macroeconomics analysis?

• Deal with household‟s and firm decision.

• Analyzes demand for supply of goods.

• Studies national income.

• Studies individual income.

The total demand for goods and services in an economy is known as;

• Aggregate demand

• National demand

• Gross national product

• Economy-wide demand

Which of the following is an macroeconomics statement?

• The price of Ipad increase about 8.5%.

• The inflation rate of Malaysia is 3.1% in 2012.

• FELDA profit increases every year

• The price of chicken increasing during Chinese New Year

Macroeconomics deals with ____________.

• Economic aggregates

• The behavior of the electronics industry

• The behavior of firms

• The activities of individuals units

Which of the following is NOT a macroeconomic issue?

• Unemployment.

• Inflation.

• The wages paid to footballers.

• Economic growth.

Macroeconomics is concerned with the study of _________________.

• Malaysian‟s response towards changes in the price of sugar.

• Production method and costs.

• The effects of reduction of wages on services sector.

• The general price level.

Macroeconomics theory studies the following except how ________________.

• To determine international trade activities.

• To determine the equilibrium income in an economy.

• To determine the unemployment and inflation rate.

• To determine type and quantity of goods to produced.

The branch of economics that that examines the functioning of individual industries and the behavior of individual decision-making units is ___________.

• Macroeconomics

• Microeconomics

• Positive economics

• Normative economics

The three major normative macroeconomic goals do not include ________________.

• Full employment.

• Price level stability.

• Sustained economic growth.

• High levels of environmental quality.

Economic growth would most likely be stimulated by _______________.

• Higher unemployment rates.

• Faster rates of technological progress.

• Increases in membership of labour unions.

• Consumption of more consumer goods.