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Worksheets

Macro Intermedia Segundo

Total questions: 17

Worksheet time: 17mins

Name
Class
Date
1.

En the following diagram, C1 represents.

a)

Autonomous Consumption

b)

Marginal income

c)

Marginal propensity to consume

d)

Increase in consumption

2.

Disposable income represents

a)

Total hours of work times nominal wage.

b)

The income that consumers can assign to consumption after paying taxes.

c)

Income you dispose for savings

d)

Nominal wages divided by price.

3.

In the following equation about the goods market equilibrium, it is assumed that:

a)

Consumption is higher than total output

b)

Taxes increase disposable income

c)

Total output is equal total income

d)

C1 cancels out

4.

In the following equation about the goods market equilibrium, section b represents

a)

Marginal propensity to consume

b)

The multiplier effect

c)

Total consumption

d)

C1 cancels out

5.

In relation with the graph that is shown, which variable is most likely to change the line from z1 to z2?

a)

An increase in marginal propensity to consume

b)

An increase in autonomous consumption

c)

An increase in government spending

d)

An increase in investment

6.

According to the following graph, which variable is most likely to cause the shift in the demand curve from Z1 to Z2.

a)

A change in marginal propensity to consume

b)

An increase in output

c)

An increase in income

d)

An increase in autonomous consumption

7.

The following equation indicates that:

a)

Higher output reduces money demand

b)

Higher interest rates reduce money demand

c)

Higher prices reduce money demand

d)

Higher leisure reduces money demand

8.

In the following diagram, which sections make up the monetary base?

a)

i + ii

b)

i + iii

c)

i + iv

d)

i by itself

9.

The IS curve shows a ____i_______relationship between interest rate and output where the _____ii______market is in equilibrium.

a)

i. positive, ii. chicken

b)

i. negative, ii. goods

c)

i. positive, ii. automovile

d)

i. negative, ii. money

10.

The LM curve shows a ____i_______relationship between interest rate and output where the _____ii______market is in equilibrium.

a)

i. positive, ii. chicken

b)

i. negative, ii. goods

c)

i. positive, ii. automovile

d)

i. positive, ii. money

11.

An increase in nominal money supply, with prices remaining fix, will?

a)

Shift the LM to the right

b)

Shirt the LS to the right

c)

Shift the LM to the left

d)

Shift the LS to the left

12.

According to the following graph, which variable may have cause the shift in the IS curve?

a)

An increase in marginal propensity to consume

b)

An increase in prices

c)

A decrease in investment

d)

A decrease in taxes

13.

According to the following graph, which variable may have cause the shift in the LM curve?

a)

An increase in marginal propensity to consume

b)

An increase in prices

c)

A decrease in investment

d)

A decrease in taxes.

14.

In the labor market

a)

Wages have an inverse relation with respect to expected prices

b)

Wages have an inverse relation with unemployment

c)

Wages have a direct relation with total workers

d)

Wages have a direct relation with unemployment

15.

The unemployment rate is:

a)

(People looking for a job/population)*100

b)

(People looking for a job/economically active people)/100

c)

(People looking for a job/employed people)*100

d)

(People looking for a job)*100

16.

Aggregate Supply: it is a set of combination between _____i_____ and output in the aggregate level, caused by the _____ii______ market.

a)

i. prices, ii. labor

b)

i. investment, ii. goods

c)

i. consumption, ii. financial

d)

i. prices, ii. goods

17.

Aggregate Demand: It is a set of combinations between _____i_____ and output in the aggregate level, caused by the _______ii_______ market.

a)

i. prices, ii. labor

b)

i. investment, ii. goods/financial

c)

i. consumption, ii. financial

d)

i. prices, ii. goods/financial