Economic-Macroeconomics

What is GDP? Choose the best answer.

• Gross Domestic Product

• Global Demand Price

• General Domestic Policy

• Government Debt Product

Which of the following best describes inflation? Choose the best answer.

• A decrease in consumer prices

• An increase in the purchasing power of money

• An overall increase in prices across an economy

• A reduction in the money supply

What does a high unemployment rate indicate? Choose the best answer.

• High levels of production

• A surplus of job opportunities

• A large portion of the labor force is not employed

• Rising wages for workers

Which economic system is based on free markets and limited government intervention? Choose the best answer.

• Socialism

• Communism

• Capitalism

• Mixed Economy

Fiscal policy mainly involves changes in which of the following? Choose the best answer.

• Interest rates

• Money supply

• Government spending and taxation

• Stock market regulations

Which of these is NOT a primary macroeconomic goal? Choose the best answer.

• Low inflation

• Full employment

• Balanced budget

• Economic growth

A recession is typically characterized by… Choose the best answer.

• Increased consumer spending

• Economic growth for two consecutive quarters

• A period of declining economic activity

• Rising employment levels

What is the main goal of monetary policy? Choose the best answer.

• Regulating consumer spending

• Stabilizing the currency and controlling inflation

• Increasing tax revenue

• Reducing government spending

Which organization in the U.S. primarily controls monetary policy?

• Congress

• The Federal Reserve

• The Treasury Department

• The President's Council of Economic Advisors

Which measure is commonly used to track inflation?

• GDP

• CPI (Consumer Price Index)

• Unemployment rate

• Exchange rate