Government aims

The economy must operate at maximum capacity refers to

• full employment

• price stability

• economic growth

• equitable distribution of income

The three major macroeconomic goals do not include

• full employment

• price level stability

• sustained economic growth

• high levels of environmental quality

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

• Aggregate demand

• Aggregate supply

• Inflation

• Aggregate output

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.

The following are macroeconomics objectives, EXCEPT ___.

• price stability

• full employment

• high economic growth

• unjust distribution of income

Government policies regarding taxes and expenditures are called ___.

• fiscal policies

• growth policies

• monetary policies

• supply side policies

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