chapter 1[macro]

Macroeconomic is ______________________

• studies decision making by individual, firm, household and government

• studies decision making for the economy as a whole.

• buy and sell goods and services in the economy.

• increasing in general price level

These all conventional macroeconomic objectives, EXCEPT _________.

• to achieve price stability

• to achieve universal education

• to achieve economy growth

• to achieve stability balance of payment

Which of the following topics is related to macroeconomics?

• The price of cooking oil

• The wage rate of a fresh graduate

• Unemployment in the nation

• The production of automobiles

Which of the following is a focus of the study of macroeconomics?

• Inflation

• Average cost

• Demand and Supply

• Market equilibrium

Which of the following is NOT the objective of macroeconomics from an Islamic point of view?

• Universal education

• Social justice

• Equitable distribution of income

• Favourable balance of payment

Which of the following is a macroeconomic objective from the Islamis perspective?

• A. Education is subsidizes or free charge

• B. High rate of economic growth

• C. Full employment among graduates

• D. Low inflation rate in the country

Which of the following topics is related to macroeconomics?

• The price of chicken

• The wage rate of a fresh graduate

• Unemployment in the nation

Which of the following is not an objective of macroeconomics from an Islamic perspective?

• To achieve universal education

• To achieve economic justice

• To produce many business firms