
Micro/ Macro practice
Quiz
•
Other
•
11th - 12th Grade
•
Medium
Denise Vosika
Used 5+ times
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is normative?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Kenneth needed a new shirt for the football game this Friday. He went to the mall and purchased a shirt from H&M. Which market does Kenneth receive his wages to purchase the shirt?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If OPEC decided to cut oil production for the coming year, what would be the MOST LIKELY effect?
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When people are in the process of looking for a job after being fired or are transitioning to a new position, this is called?
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A rightward shift in the aggregate demand curve with a horizontal aggregate supply curve will cause employment and the price level to change in which of the following ways?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Mr. Woodward's disposable income increases from $600 to $650 and her level of personal consumption expenditures increase from $480 to $520, you may conclude that her marginal propensity to
consume is 0.8
consume is 0.4
save is 0.8
save is 0.4
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the Keynesian aggregate-expenditure model, if the MPC is 0.75 and gross investment increases by $6 billion, equilibrium GDP will increase by
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