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Macro 19/10/18

Total questions: 25

Worksheet time: 15mins

Name
Class
Date
1.

Which is the broadest form of money supply below?

a)

Gilt

b)

Deposit account

c)

Investment fund

d)

Corporate bond

2.
The intersection of the aggregate demand and aggregate supply curve occurs at the economy’s equilibrium level of
a)
Nominal investment and the interest rate       
b)
Government taxes and employment
c)
Real disposable income and unemployment     
d)
Real domestic output and the price level
3.

M0 represents which type of money supply

a)

Broad

b)

Narrow

c)

Debt

d)

Equity

4.

An all equity firm can go bankrupt

a)

True

b)

False

5.

The annual rate of return is best described as

a)

Interest rate

b)

exchange rate

c)

coupon rate

d)

Return on investment

6.

As the bond price increases the coupon rate

a)

stays the same

b)

increases

c)

decreases

d)

fluctuates dependent on demand

7.

Which of the following does not contribute to the capital markets?

a)

Corporate bonds

b)

Long term deposit accounts

c)

Shares

d)

Gilts

8.

The average rate at which financial institutions lend to each other

a)

LIBOR

b)

SONIA

c)

LLBOR

d)

Exchange rate

9.

Which of the four characteristics of money can be defined as "Consistent or Identical"?

a)

Durability

b)

Divisibility

c)

Homogenous

d)

Portability

10.

The Bank of England is responsible for making sure the financial system is .......... and ............. They provide critical services to the real economy in good times and bad.

a)

Working/Running well

b)

Good/Proper

c)

Safe/Sound

d)

Down/Out

11.

Money is derived from which Latin word

a)

Moneto

b)

Maneto

c)

Moneta

d)

Money

12.

The view of which economist and his followers believed money supply to not be important in the macroeconomy

a)

Irving Fisher

b)

Milton Friedman

c)

Karl Marx

d)

John Keynes

13.

Ceteris paribus, the quantities of money people are willing and able to hold

a)

Decrease as interest rates fall.

b)

Increase as interest rates fall.

c)

Increase as the money supply decreases.

d)

Decrease when the speculative demand increases.

14.
The use of taxes and government spending to affect the economy
a)
Monetary Policy
b)
Fiscal Policy
c)
Contractionary Policy
d)
Expansionary Policy
15.
a plan to reduce aggregate demand and slow the economy
a)
Contractionary Fiscal Policy
b)
Expansionary Fiscal Policy
c)
Contractionary Monetary Policy
d)
Expansionary Monetary Policy
16.
a plan to increase aggregate demand and stimulate the economy
a)
Contractionary Fiscal Policy
b)
Expansionary Fiscal Policy
c)
Contractionary Monetary Policy
d)
Expansionary Monetary Policy
17.
refers to government revenue, spending, and debt
a)
Fractional Reserve Banking
b)
Legal Reserves
c)
Fiscal
d)
Reserve system
18.
If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 
a)
decreasing taxes.
b)
decreasing spending.
c)
decreasing the money supply.
d)
decreasing the reserve requirement.
19.

____________ is the price paid for the use of money.

a)

Gold

b)

Monetary policy

c)

Fiscal policy

d)

The interest rate

20.
The aggregate supply curve (short-run) slopes upward and to the right because: 
a)
changes in wages and other resource prices completely offset changes in the price level.
b)
the price level is flexible upward but inflexible downward.
c)
supply creates its own demand.
d)
wages and other resource prices adjust only slowly to changes in the price level.
21.
Which of the following does not represent a leakage or a withdrawal in the circular flow of income?
a)
Taxes
b)
Imports
c)
Savings
d)
Government expenditures
22.
What is being represented by the "green flow lines"
a)
Flow of Money
b)
Flow of Goods and Services
23.
What is being represented by the "red flow line"
a)
The flow of money
b)
The flow of goods and services
24.

What do households provide to the resource market?

a)

land, labour, capital

b)

money

c)

people

d)

income

25.

Who is trying to open their own bank in Burnley?

a)

David Fisher

b)

Dawid Fishwick

c)

David Fishwick

d)

David Fishman

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