
Macroeconomics quiz 3
Authored by Olivia Larney
Social Studies
11th - 12th Grade
Used 20+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The graph above shows the number of households in the UK on low incomes. From the graph, it may be concluded that, over the period shown,
average incomes rose.
the population of the UK increased.
there was an increase in the absolute level of poverty.
income inequalities increased.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table below indicates growth in real GDP for selected eastern European economies in transition. From the table it may be deduced that
Romania experienced negative growth of real GDP in 2000.
Poland achieved a 28% increase in real GDP as compared to its 1989 level.
Ukraine had the lowest level of real GDP in 2000.
Poland had the lowest inflation rate in 2000.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A diagram shows an inward shift in the aggregate demand curve for an economy. A fall in the price level of 0P to 0P1 could be explained by an increase in
interest rates.
money wages.
labour productiivity.
inward investment.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following headlines indicates the use of monetary policy?
"More money in everyone's pockets as taxes are lowered"
"Government declares its determination to halt the fall in the value of money"
"Misery for homeowners as interest rates are raised"
"Big reduction in government borrowing announced in the budget"
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are objectives of macroeconomic management except:
external stability
economic growth
full employment
high inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A boom in the business cycle is best described by a situation when:
GDP is steady or rising slowly.
there are generally idle resources and excess capacity exists.
general prices are rising and there is cyclical unemployment.
there are widespread shortages of goods and services because national production is stretched beyond the economy's capacity.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A recession is best described as a situation with:
falling economic activity and rising cyclical unemployment.
weak employment growth but rises in job vacancies.
increases in overtime and participation rates.
rising cost push inflation and a falling GDP.
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