Sec2,Macro

The ups and downs of the business cycle can be completely avoided

• True

• False

At times of economic crisis, the economy is crippled because there is almost no demand for anything

• True

• False

School of thoughts consist of……….

• Monetarist

• New Keynesian

• New classical

• None of the above

• All of the above

………...argue that monetary policy is generally a more effective and desirable policy tool to manage aggregate demand than fiscal policy.

• New Classical

• Monetarist

• New classical

• None of the above

• All of the above

The term “classical economists” is actually a school of macroeconomic

• True

• False

The total value of goods and services produced within a country's borders over a specific period……..

• Inflation and Price Stability

• GDP

• Unemployment and Labor markets

• None of the above

• All of the above

Inflation is the general rise in prices over time.

• True

• False

Monetary policy involves government spending and taxation

• True

• False

Scope of Macroeconomics consist of …….

• Inflation and price stability

• GDP

• Unemployment and labor markets

• None of the above

• All of the above

………...focuses on controlling the money supply and interest rates.

• Monetary policy

• Inflation and price stability

• Fiscal policy

• GDP

• None of the above