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Chapter 1- Macroeconomics

Authored by sasitharan manokaran

Social Studies

University

Used 26+ times

Chapter 1- Macroeconomics
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics theory studies the following EXCEPT…

How to determine international trade activities

How to determine the unemployment and inflation rate

How to determine the equilibrium income in an economy

How to determine type and quality of goods to produce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics studies the economy from viewpoint of …

The firms

The households

The government

The entire economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a macroeconomics objective?

To achieve equal distribution of income

To maintain domestic price instability

To achieve full employment of resources

To achieve sustainable economic growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a macroeconomic statement?

The price of rice decline by 1%

ALTEL company profit increase by 10%

The demand of PEPSI dropped

The income of Malaysian increase

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not the area of macroeconomics:

Unemployment rate

Market structure

Inflation rate

Foreign exchange rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country is said to be experiencing inflation when…

Prices of most goods and services are rising over time

Total output is falling over time

Total output is rising over time

Prices of most goods and services are falling over time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a macroeconomics objective?

Unemployment

Extremely high economic growth

Employed all available resources

Inflation

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