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QUIZ 1

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

Macroeconomics approaches the study of economics from the viewpoint of

a)

the entire economy

b)

individual firms

c)

individual consumers

d)

government units

2.

The following is the goal of macroeconomics EXCEPT

a)

high unemployment rate

b)

economic growth

c)

equitable distribution of income

d)

price stabilit

3.

Which of the following issues would a macroeconomist concentrate on

a)

the unemployment rate in Malaysia

b)

the problem to choose between Mcd or KFC

c)

the COVID19 pandemic

d)

the issue of Sajat run from MAIS

4.

The following is the component of macroeconomics EXCEPT

a)

Lawyer

b)

Household

c)

Government

d)

Firm

5.

To achieve the equitable distribution of income, the government should Not

a)

prepare for national election process

b)

adjust taxes

c)

adjust subsidies

d)

create new development project

6.

Controlling inflation is one of macroeconomic goal. it refers to

a)

price stability

b)

full employment

c)

economic growth

d)

equitable distribution of income

7.

Most nation try to narrow the gap between the higher income and the lower income groups. It refers to

a)

Equitable distribution of income

b)

Full employment

c)

Price stability

d)

Economic growth

8.

Total quantity of output demanded at alternative price levels during a given period time refers to

a)

Aggregate demand

b)

Aggregate supply

c)

Aggregate score

d)

Aggregate demand and supply

9.

The total quantity of output supplied at alternative price levels in a given period of time reffering to

a)

Aggregate supply

b)

Aggregate demand

c)

Aggregate score

d)

Aggregate demand adn supply

10.

Below are the factors shift aggregate demand curve EXCEPT

a)

Production increase

b)

Income increases

c)

Wealth increases

d)

Investment increase