C1 : SET 4 - INTRODUCTION TO MACROECONOMICS

C1 : SET 4 - INTRODUCTION TO MACROECONOMICS

University

10 Qs

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C1 : SET 4 - INTRODUCTION TO MACROECONOMICS

C1 : SET 4 - INTRODUCTION TO MACROECONOMICS

Assessment

Quiz

Other

University

Easy

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EJA HAMID

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

With what kinds of topics does macroeconomics concern itself?

Economic activities of individual firms, households, and other organizations.

Forces of supply and demand in a particular market.

Consumer behavior and firms output decisions.

Aggregate economic phenomena like the rate of unemployment and inflation

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following is the best explanation of macroeconomics?

The study of economics

The study of decisions that businesses and individuals make in the marketplace

The study of the global economy

The study of economic phenomena that affects an entire economy

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Macroeconomics is associated with the fluctuation of the general price level in the country.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Macroeconomics explains the behavior of individual household and business firms.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Price level stability is one of the macroeconomic goals.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The purpose of monetary policy is to maintain the overall price level and to achieve higher economic growth.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government implements contractionary monetary policy when recession occurs.

TRUE

FALSE

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