macro objectives

macro objectives

11th Grade

30 Qs

quiz-placeholder

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macro objectives

macro objectives

Assessment

Quiz

Specialty

11th Grade

Practice Problem

Medium

Created by

Jon Inge

Used 10+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Consumer Price Index (CPI) measures

changes in the price of all goods produced in the economy

changes in the price of consumer durables

changes in the price of all items consumed

changes in the price of selected items representative of consumption expenditure

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

    If nominal interest rates are 5 % and the rate of inflation is 7% the real rate of interest is

-2%   

19

7

5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following groups would benefit from a high rate of inflation in Australia?

property speculators

            pensioners

minimum wage workers

(d)         Savers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The major economic problem caused by unemployment is

causes loss of votes for government

level of job search allowances paid by the government

loss of economic efficiency and wastage of resources

higher crime rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The participation rate will increase if

     the retirement age is reduced from 60 to 55 years

women are encouraged to enter the workforce

better conditions increase full time opportunities for part-time work

there is an increase in family allowance payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of hidden unemployment is

unemployed agricultural workers seeking work in other industries

unemployed building industry persons made redundant due to insufficient workloads

married women discouraged from re-entering the workforce due to poor job outlook

the collapse of a local manufacturing firm due to tariff reductions and resultant job redundancies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

       Unemployment caused by a general deficiency in aggregate demand is called

frictional

long term

cyclical

structural

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