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Macroeconomics Quiz module 1

Authored by Kanchan Thaker

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Macroeconomics Quiz module 1
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___________ is not the subject matter of macroeconomics.

Law of demand

national income

general price level

unemployment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy deals with rest of the world?

Closed

Open

Only developing

Only developed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which branch of macroeconomics focuses on the problems of developing economies?

Classical school

public finance

monetary economics

developmental economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total money value of all goods and services produced by nationals during a year?

GDP

GNI

NDP

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The point where aggregate supply and aggregate demand curves intersect is _____.

Total demand

Equilibrium demand

Effective demand

Non-equilibrium demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In circular form of economy, the firms supply ______

goods

land

labour

capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Keynes, in order to increase employment ________ should be increased.

Aggregate supply

Aggregate output

Aggregate investment

Aggregate demand

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