Chapter 30 - 32
Authored by Trần Hiển
Other
1st - 5th Grade
Used 2+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation can be measured by the
change in the consumer price index.
percentage change in the consumer price index.
percentage change in the price of a specific commodity.
change in the price of a specific commodity.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. The supply of money is determined by
a. the price level.
b. the Treasury and Congressional Budget Office.
c. the Federal Reserve System.
d. the demand for money.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. When the money market is drawn with the value of money on the
vertical axis, the price level increases if
a. either money demand or money supply shifts right.
b. either money demand or money supply shifts left.
c. money demand shifts right or money supply shifts left.
d. money demand shifts left or money supply shifts right.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. When the money market is drawn with the value of money on the
vertical axis, an increase in the price level causes a
a. shift to the right of the money demand curve.
b. shift to the left of the money demand curve.
c. movement to the left along the money demand curve.
d. movement to the right along the money demand curve.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. As the price level decreases, the value of money
a. increases, so people want to hold more of it.
b. increases, so people want to hold less of it.
c. decreases, so people want to hold more of it.
d. decreases, so people want to hold less of it.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. When the money market is drawn with the value of money on the
vertical axis, if the price level is higher the equilibrium price level, there is
a
a. shortage, so the price level will rise.
b. shortage, so the price level will fall.
c. surplus, so the price level will rise.
d. surplus, so the price level will fall.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. Refer to Figure 1.
When the money supply curve shifts from MS1 to MS2,
a. the demand for goods and services decreases.
b. the economy's ability to produce goods and services increases.
c. the equilibrium price level increases.
d. the equilibrium value of money increases.
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