Introduction to Macroeconomics

Macroeconomics approaches the study of economics from the viewpoints of

• individual firms

• individual consumers

• government units

• the entire economy

The economy must operate at maximum capacity refers to

• full employment

• price stability

• economic growth

• equitable distribution of income

The three major 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

____ means total of real production of final goods and services available in the country.

• Aggregate demand

• Aggregate supply

• Inflation

• Aggregate output

Which is not a function of Central bank?

• To be a banker to other bank

• To promote monetary stability and a financial structure

• To import the printing of currency

• Be a holder of the country's stock of gold and foreign currency reserves.

Which is the instrument of monetary policy?

• Taxes

• Government Expenditure

• Income received from households

• Legal cash reserve requirement

____ is the branch of economies that studies the individual decision making such as households, firms and government.

• Macroeconomics

• Microeconomics

• Masterconomics

• Microplan economics

Macroeconomics is a study of

• individual price levels

• government units

• the entire economy

• the behavioral of individuals firms

Which of the following is related to macroeconomics?

• An empirical analysis of general price levels and unemployment rates since 1999.

• A study of how hiring more foreign workers affect the construction sector.

• An investigation of petrol price increases and the impact on Malaysians.

• An examination of the income of IT graduates.