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Introduction to Macroeconomics

Authored by John Robinson

Social Studies

University

Used 1+ times

Introduction to Macroeconomics
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Macroeconomics approaches the study of economics from the viewpoints of

individual firms

individual consumers

government units

the entire economy

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Aggregate demand

Aggregate supply

Inflation

Aggregate output

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Macroeconomics is a study of

individual price levels

government units

the entire economy

the behavioral of individuals firms

4.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 1 pt

A two-sector economy in the circular flow diagram is represented by ___.

households and the government

firms and the government

households and firms

banks and firms

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The ____ slopes upwards because higher price levels will raise domestic output.

aggregate demand curve

aggregate supply curve

demand curve

none of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Government policies regarding taxes and expenditures are called ___.

fiscal policies

growth policies

monetary policies

supply side policies

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