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Unit-I-Chapter 1- Overview Macroeconomics

Authored by ruhii patel

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Unit-I-Chapter 1- Overview Macroeconomics
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics distinguishes between the real economy and the

monetary economy
virtual economy
normative economy
underground economy.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the analysis of the British economist John Maynard Keynes

markets coordinate supply and demand so that a policy of laissez-faire would prevent recession
economic fluctuations were the cumulative result of mistakes made by businesses and households in an uncertain world
government demand could be used to smooth fluctuations in aggregate output and income
supply creates its own demand through the circular flow of economic activity.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An important indicator of a nation's well-being is

Gross Domestic Product (GDP)
Gross National Product (GNP)
Gross National income (GNI)
the growth rate of GDP or GNP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published his celebrated book

The Wealth of Nations
On the Principles of political Economy and Taxation
The Affluent Society
The General Theory of Employment, Interest and Money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is considered as father of modern macroeconomics?

Adam Smith
Prof. J. M. Keynes
Prof. J. N. Keynes
Alfred Marshal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The book “General Theory of Employment, Interest and Money” was published in

1836
1863
1936
1963

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the tools of macroeconomics?

Monetary Policy
Fiscal Policy
Income Policy
All of the above

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