
macro 2
Quiz
•
Specialty
•
Professional Development
•
Practice Problem
•
Hard
Haruna Naruse
Used 1+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are residents of rich countries likely to have in greater quantities, or better quality, than residents of poor countries?
housing
healthcare
life expectancy
All of the above.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to liquidity preference theory, the money-supply curve would shift rightward
if the money demand curve shifted right.
if the Federal Reserve chose to increase the money supply.
if the interest rate increased.
All of the above are correct.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net capital outflow is defined as the purchase of
foreign assets by domestic residents minus the purchase of domestic assets by foreign residents.
foreign assets by domestic residents minus the purchase of foreign goods and services by domestic residents.
domestic assets by foreign residents minus the purchase of domestic goods and services by foreign residents.
domestic assets by foreign residents minus the purchase of foreign assets by domestic residents.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Other things the same, an increase in the price level makes the dollars people hold worth
more, so they can buy more.
more, so they can buy less.
less, so they can buy more.
less, so they can buy less.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People hold money primarily because it
has a guaranteed nominal return.
serves as a store of value.
can directly be used to buy goods and services.
functions as a unit of account.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If national savings in a closed economy is greater than zero, which of the following must be true?
Either public saving or private saving must be greater than zero.
Investment is positive.
Y - C - G > 0
All of the above are correct.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to Table 26-3. Determine the quantity of private savings.
$0.2 trillion
$1.6 trillion
$1.8 trillion
$2.6 trillion
Answer explanation
Do S = (Y - C - T) + (T - G)
(Y - T - C ): Private Saving
(T - G) : Public Saving
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