When the labor union successfully negotiates with employers about wages, then:

Unemployment decreases and wages increase.

Unemployment and wages both increase.

Unemployment and wages both decrease.

Unemployment increases and wages decrease.

When the import price of cars from South Korea increases, it causes

Both the price index and CPI to increase.

The price index to increase and CPI to remain unchanged.

Assume a person transfers 1 billion VND from a non-term deposit account to a term deposit account. This transaction will cause

M1 decreases and M2 to increase.

M1 unchanged and M2 to increase.

How will the increase in import taxes on consumer goods affect the aggregate demand-supply model in the short term?

The aggregate demand curve shifts to the right.

The aggregate demand curve shifts to the left.

The short-run aggregate supply curve shifts to the left.

The short-run aggregate supply curve shifts to the right.

The point of sufficiency on the consumption curve is the point at which

Household consumption equals their disposable income.

Household consumption equals their savings.

Household consumption equals business investment.

Household consumption equals government expenditure.

According to the exchange rate effect, the downward sloping aggregate demand curve is due to:

Lower price levels make domestic goods and services relatively cheaper than imported goods. As a result, net exports increase.

Lower price levels make imported goods and services relatively cheaper than domestic goods. As a result, net exports decrease.

Lower price levels reduce the amount of money people need to hold, increasing the amount of money available for lending. As a result, interest rates decrease and investment increases.

Lower price levels increase the purchasing power of the money people hold, leading to increased consumption.

Which of the following items is not included in GDP according to the expenditure method?

Cotton that a textile company buys to produce yarn.

Household cleaning services hired by a family.

Legal consulting services hired by a family.

Positive statements are those that

Are statements that can be verified by reality.

Answer the question: What should be done? How should it be done?

Are statements related to value judgments.

At the point of sufficiency on the consumption curve, then

Both consumption and savings are zero.

An increase in the money supply can lead to

Interest rates decrease, leading to an increase in investment and aggregate demand.

Both interest rates and investment increase, leading to an increase in aggregate demand.

Interest rates increase, leading to a decrease in investment and aggregate demand.

All interest rates, investment, and aggregate demand decrease.

Your family buys a refrigerator produced domestically. This transaction affects the components of Vietnam's GDP according to the expenditure approach as follows.

C remains unchanged => GDP remains unchanged.

I remains unchanged => GDP remains unchanged.

For a country that imports oil, a sharp drop in oil prices on the world market will cause.

The short-run aggregate supply curve shifts to the right.

The aggregate demand curve shifts to the right.

The aggregate demand curve shifts to the left.

The short-run aggregate supply curve shifts to the left.

Suppose the central bank reduces the money supply. To bring aggregate demand back to its original level, the government needs to.

Request the central bank to issue bonds in the market.

Reduce both taxes and government spending by the same amount.

The purpose of tight fiscal policy is:

To cut aggregate demand and control inflation.

To cut aggregate demand and increase output.

To increase aggregate demand and increase output.

To increase aggregate demand and decrease output.

Which item is counted in GDP according to the expenditure method?

The money spent on flour by a bakery is counted in GDP.

Unemployment benefits are counted in government spending and GDP.

The value of agricultural products grown and consumed by the farmer.

The money spent on tutoring services by a household.

A strong increase in the stock market makes people wealthier, which will lead to.

AS short-run shifts to the left.

AS short-run shifts to the right.

Along the demand curve, as interest rates decrease, then.

The quantity of money demanded increases.

The quantity of money demanded decreases.

The quantity of money supplied decreases.

The quantity of money supplied increases.

The GDP deflator (DGDE)

Measures the average price level of a basket of goods and services typically purchased by consumers.

Measures the average price level of a basket of goods and services typically produced domestically that consumers buy.

Measures the average price level of a basket of goods and services typically imported from abroad that consumers buy.

Measures the average price level.

For an oil-importing country, a sharp increase in oil prices on the world market will cause what?

Short-run aggregate supply curve shifts to the left.

Aggregate demand curve shifts to the right.

Aggregate demand curve shifts to the left.

Short-run aggregate supply curve shifts to the right.

If interest rates decrease.

The demand for investment will increase.

The investment demand curve will shift to the left.

The money demand curve will shift to the right.

The money demand curve will shift to the left.

In the AE - Y model, when income decreases, total expenditure will?

Cannot conclude as it depends on the price level.

The Consumer Price Index (CPI):

Measures the average price level of a basket of goods and services typically purchased by consumers.

Measures the average price level of a basket of goods and services produced domestically that consumers buy.

Measures the average price level of a basket of goods and services imported from abroad that consumers buy.

Measures the average price level of all goods and services included in GDP.

In the AE - Y income model, when the planned expenditure level is lower than the output level of the economy being produced, it will cause?

An increase in unplanned inventory, so firms must cut production until they return to the equilibrium output level.

An increase in unplanned inventory, so firms must expand production until they restore the equilibrium output level.

A decrease in planned inventory, so firms must cut production until they return to the equilibrium output level.

A decrease in planned inventory, so firms must expand production until they restore the equilibrium output level.

The goal of external economic policy is?

To lower and control inflation in a free market economy.

To help the economy use resources efficiently.

What does the goal of foreign economic policy mean?

Help the economy use all resources effectively to achieve high output corresponding to potential output.

Lower and control inflation in a free market economy.

Stabilize the exchange rate and balance the payment balance.

Lower the unemployment rate and maintain the natural unemployment rate.

A tutor transfers 5 billion VND from a time deposit account to a demand deposit account. What will this transaction do?

M1 remains unchanged and M2 increases.

M1 increases and M2 remains unchanged.

What is the purpose of the expansive monetary policy?

Increase total demand and increase output.

Reduce total demand and control inflation.

Both reduce total demand and increase output.

Reduce total demand and reduce output.

The government reducing taxes on imported input factors will shift the:

Short-run aggregate supply curve to the right.

Aggregate demand curve to the right.

Aggregate demand curve to the left.

Short-run aggregate supply curve to the left.

In the AE - Y income-expenditure model, when the planned expenditure level is higher than the output level of the economy, it will cause:

An increase in unplanned inventory, so businesses must expand production until restoring the equilibrium output level.

An increase in unplanned inventory, so businesses must cut production until returning to the equilibrium output level.

A decrease in planned inventory, so businesses must cut production until returning to the equilibrium output level.

A decrease in planned inventory, so businesses must expand production until restoring the equilibrium output level.

The ratio of cash outside the banking system to deposits is 40%, the actual reserve ratio of commercial banks is 30%, and the base money is 5000 billion VND. To reduce the money supply, the central bank should:

Buy 500 million VND of government bonds.

Sell 500 million VND of government bonds.

Which of the following will increase the demand for money, shifting the money demand curve to the right?

Households decide to hold more cash to spend during the Tet holiday.

The central bank lowers the discount rate when lending to commercial banks.

The central bank buys government bonds in the open market.

The central bank lowers the required reserve ratio.

The central bank selling government bonds to commercial banks will cause:

The base money supply to increase, the money supply to increase.

The base money supply to decrease, the money supply to decrease.

The amount of money received to increase.

The amount of money received to decrease.

The long-run aggregate supply curve implies that:

The long-run aggregate supply curve never changes position.

Increasing will help the economy achieve a higher output level.

The long-run aggregate supply only depends on the supply of factors.

Kinh Tế Vĩ Mô

Authored by Phương Nguyễn

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aim to answer the question: How much? How?

Make statements and judgments about how the economy should be.

Describe and analyze events, relationships in the economy.

Are statements that are verified by reality.

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Kinh Tế Vĩ Mô

The ratio of cash outside the banking system to deposits (cr) is 23%, the actual reserve ratio of commercial banks (rr) is 7%. The money multiplier is

Value added (VA) is

Among the following items, which item is not included in GDP according to the expenditure approach:

Assume that Viet-UC Steel sells steel to Honda Vietnam for 300 USD. The steel is then used to produce a Super Dream motorcycle. This motorcycle is sold to a dealer for 1200 USD. The dealer sells this motorcycle to consumers for 1400 USD. What will GDP be?

Normative statements

The population of a country is 25 million people, of which 1 million are unemployed and 9 million are employed. The unemployment rate is

When the labor union successfully negotiates with employers about wages, then:

When the import price of cars from South Korea increases, it causes

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