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AP Macroeconomics Quiz

Authored by John Robinson

Social Studies

11th Grade

AP Macroeconomics Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following will most likely result in a country's lower real interest rate?

The nation provides an investment tax credit to new businesses.

The citizens of the nation increase their savings for retirement.

The nation is experiencing political instability and economic risk.

The nation’s central bank sells government bonds in the open market.

The nation’s government increases its borrowing to finance spending on capital projects.

Answer explanation

This will increase the supply of loanable funds and result in a lower real interest rate.

2.

MATCH QUESTION

1 min • 2 pts

Media Image

Match the economic systems to its characteristics or meaning.

Private sector, profit, and minimal gov.

Free Market

Public and private sectors

Mixed economy

Customs, family, and historical basis

Command economy

Centrally owned by the government

Traditional economy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a primary function of money in an economy?

Medium of exchange

Store of value

Unit of account

All of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main purpose of the Federal Reserve's open market operations?

To control inflation

To regulate banks

To manage the money supply

To set interest rates

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of fiscal policy?

Raising interest rates

Increasing government spending

Reducing the money supply

Selling government bonds

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does GDP stand for in macroeconomics?

Gross Domestic Product

General Domestic Product

Gross Development Product

General Development Product

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following best describes a recession?

A period of high inflation

A period of economic growth

A period of declining economic activity

A period of stable prices

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