Return to Economics Quiz - Macroeconomics

Return to Economics Quiz - Macroeconomics

12th Grade

20 Qs

quiz-placeholder

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Return to Economics Quiz - Macroeconomics

Return to Economics Quiz - Macroeconomics

Assessment

Quiz

Other, Business

12th Grade

Practice Problem

Easy

Created by

Tom Rayner

Used 13+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The​ ​Consumer​ ​Price​ ​Index​ ​(CPI)​ ​can​ ​be​ ​defined​ ​as

The​ ​market​ ​value​ ​of​ ​all​ ​final​ ​goods​ ​and​ ​services

A​ ​measure​ ​of​ ​inflation​ ​based​ ​on​ ​the​ ​cost​ ​of​ ​a​ ​fixed​ ​“market​ ​basket”

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

All​ ​of​ ​these​ ​are​ ​functions​ ​of​ ​money​ ​​EXCEPT

Medium of exchange

Store of value

Commodity money

unit of measurement

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Inflation is measured by...

Consumer Price Index (CPI).
Gross National Product (GNP).
Gross Domestic Product (GDP).
Securities & Exchange Commission (SEC).

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If people are made unemployed because of a fall in aggregate demand this is known as:

Cyclical unemployment

Frictional unemployment

Structural Unemplyment

Seasonal Unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Phillips curve shows the relationship between inflation and what?

Unemployment

GDP

Price level

Inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the measure of a country's total production of final goods and services in a given period of time.

Gross National Product

Gross Domestic Product

Exports

Imports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call an economic policy that is designed to influence the aggregate demand in order to control the economy?

Spending policy

National policy

Fiscal policy

Monetary policy

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