Government aims

Government aims

University

7 Qs

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Government aims

Government aims

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

Arumugam Manickam

Used 2+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy must operate at maximum capacity refers to

full employment

price stability

economic growth

equitable distribution of income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three major macroeconomic goals do not include

full employment

price level stability

sustained economic growth

high levels of environmental quality

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ means total of real production of final goods and services available in the country.

Aggregate demand

Aggregate supply

Inflation

Aggregate output

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is related to macroeconomics?

An empirical analysis of general price levels and unemployment rates since 1999.

A study of how hiring more foreign workers affect the construction sector.

An investigation of petrol price increases and the impact on Malaysians.

An examination of the income of IT graduates.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are macroeconomics objectives, EXCEPT ___.

price stability

full employment

high economic growth

unjust distribution of income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government policies regarding taxes and expenditures are called ___.

fiscal policies

growth policies

monetary policies

supply side policies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the most appropriate fiscal policy for recession?

Decreases in government spending

Increases in interest rate

Decreases in tax rate

Increases in tax rate

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