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WorksheetsC1 : SET 4 - INTRODUCTION TO MACROECONOMICS
Total questions: 10
Worksheet time: 3mins
With what kinds of topics does macroeconomics concern itself?
Economic activities of individual firms, households, and other organizations.
Forces of supply and demand in a particular market.
Consumer behavior and firms output decisions.
Aggregate economic phenomena like the rate of unemployment and inflation
Which one of the following is the best explanation of macroeconomics?
The study of economics
The study of decisions that businesses and individuals make in the marketplace
The study of the global economy
The study of economic phenomena that affects an entire economy
Macroeconomics is associated with the fluctuation of the general price level in the country.
TRUE
FALSE
Macroeconomics explains the behavior of individual household and business firms.
TRUE
FALSE
Price level stability is one of the macroeconomic goals.
TRUE
FALSE
The purpose of monetary policy is to maintain the overall price level and to achieve higher economic growth.
TRUE
FALSE
The government implements contractionary monetary policy when recession occurs.
TRUE
FALSE
Monetary policy is changes in the money supply or credit conditions designed to achieve macroeconomic goals.
TRUE
FALSE
The tools of fiscal policy are government expenditure is and taxation.
TRUE
FALSE
Aggregate demand is the total aggregate output and price level of economy in a given period.
TRUE
FALSE
