Macroeconomics Quiz

What is one of the basic macroeconomic goals?

• Increasing market share

• Maximizing profits

• Full Employment

• Minimizing costs

Which policy aims to achieve economic growth and maintain price stability?

• Monetary Policy

• Trade Policy

• Fiscal Policy

• Regulatory Policy

What does aggregate demand refer to?

• Total quantity of output supplied

• Total quantity of goods exported

• Total quantity of output demanded

• Total quantity of goods imported

Which of the following is NOT a component of macroeconomics?

• Aggregate decisions

• Total employment

• National income

• Individual prices

What is the purpose of fiscal policy?

• To control inflation

• To manage government spending and taxation

• To stabilize currency exchange rates

• To regulate the banking system

Which of the following is a characteristic of macroeconomics?

• Examination of firm-level decisions

• Study of consumer behavior

• Analysis of overall economic performance

• Focus on individual markets

What does the term 'price stability' refer to?

• Constant prices for all goods

• Minimal fluctuations in the overall price level

• High prices for essential goods

• Low prices for luxury items

Which of the following is a goal of macroeconomic policy?

• Increasing corporate profits

• Achieving equitable distribution of income

• Reducing government intervention

• Maximizing individual wealth

What is the main focus of microeconomics?

• Aggregate supply and demand

• Government fiscal policies

• Individual economic units

• National income analysis

Which of the following is an example of a contractionary monetary policy?

• Raising interest rates

• Increasing government spending

• Decreasing taxes

• Lowering interest rates