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WorksheetsQuiz 1: Introduction to Macroeconomics
Total questions: 10
Worksheet time: 5mins
Aggregate supply is the total amount:
Of labour supplied by all households
Of products produced by a given industry
Produced by the government
Of goods and services produced in an economy
Macroeconomics theory studies the following EXCEPT…
How to determine international trade activities
How to determine the unemployment and inflation rate
How to determine the equilibrium income in an economy
How to determine type and quality of goods to produce
Macroeconomics studies the economy from viewpoint of …
The firms
The households
The government
The entire economy
Which of the following is NOT a macroeconomics objective?
To achieve equal distribution of income
To maintain domestic price instability
To achieve full employment of resources
To achieve sustainable economic growth
Which of the following is a macroeconomic statement?
The price of rice decline by 1%
ALTEL company profit increase by 10%
The demand of PEPSI dropped
The income of Malaysian increase
Which of the following is not the area of macroeconomics:
Unemployment rate
Market structure
Inflation rate
Foreign exchange rate
The equilibrium aggregate price level and level of aggregate output occur when
The aggregate demand and aggregate supply curve intersect
Real domestic output is at its maximum level
There is full employment
The exports are equal to import
A country is said to be experiencing inflation when…
Prices of most goods and services are rising over time
Total output is falling over time
Total output is rising over time
Prices of most goods and services are falling over time
The goals of macroeconomics include
Economic stagnation
Higher price level
Imbalance in balance of payment
Full employment
Which of the following is a macroeconomics objective?
Unemployment
Extremely high economic growth
Employed all available resources
Inflation
