CHAPTER 1: Overview about Macroeconomics

What does macroeconomics study?

• Macroeconomics analyzes household consumption decisions.

• Macroeconomics focuses only on the behavior of small businesses.

• Macroeconomics studies overall economic phenomena.

• Macroeconomics studies individual behavior.

What does microeconomics study?

• Microeconomics studies government economic policies.

• Microeconomics examines the behavior of individuals, businesses, and households in the economy.

• Microeconomics focuses on global and international issues.

• Microeconomics analyzes macroeconomic trends.

Which of the following is NOT a macroeconomic objective?

• Annual GDP growth.

• Reduction of the unemployment rate.

• Improvement of the trade balance.

• Optimizing profits for a specific business.

Which of the following is NOT a tool used by the government to regulate macroeconomics?

• Trade policy.

• Monetary policy.

• Environmental protection policy.

• Fiscal policy.

A simple economy consists of which two main components?

• Households and Government.

• Businesses and Government.

• Households and Businesses.

• Consumers and Investors.

The current difficulties in meeting society's material needs indicate that:

• All of the above are correct.

• There is poverty in society.

• Limited resources cannot fully satisfy society's needs.

• There is a limitation on wealth to achieve the goal of meeting society's limited needs.

The current macroeconomic objectives of countries include:

• Economic growth to meet society’s increasing demands.

• All of the above are correct.

• A relatively stable general price level or moderate inflation rate.

• Job creation and reduction of unemployment.

"The consumer price index in Vietnam increased by about 4% annually from 2012 to 2015." This statement belongs to:

• Macroeconomics and normative economics.

• Microeconomics and positive economics.

• Microeconomics and normative economics.

• Macroeconomics and positive economics.

Which of the following is a normative statement?

• Vietnam's inflation rate in 2023 was 3.25%.

• The government should reduce VAT to stimulate consumption.

• Vietnam's GDP growth rate in 2023 was 5.05%.

• The unemployment rate for the working-age population in Vietnam in 2023 was 2.28%.

What is monetary policy?

• Monetary policy consists of measures to protect the environment and natural resources.

• Monetary policy regulates taxes and fees in the economy.

• Monetary policy includes measures to control money supply and interest rates in the economy.

• Monetary policy consists of measures to boost exports.