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Introduction to Macroeconomics

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Which of the following studies economics as a whole?

a)

Microeconomics

b)

Macroeconomics

c)

both Micro and Macroeconomics

2.

Which of the following is studied in Macroeconomics?

a)

Individual income

b)

individual savings

c)

individual output

d)

general price level

3.

Which of the following studies the problems of economics at individual levels?

a)

Microeconomics

b)

Macroeconomics

c)

Both Micro and Macro economics

4.

Which branch of macroeconomics specifically focuses on the problems of developing economies?

a)

Development Economics

b)

Monetary Economics

c)

Public Finance

d)

Trade Cycle Theory

5.

Which of the following is not the subject matter of macroeconomics?

a)

National Income Accounting

b)

Business cycle

c)

Laws of demand and supply

d)

General price level

6.

Which of the following is a subject matter of Macroeconomics?

a)

Studies Employment & Unemployment

b)

Determination of National Income

c)

Promotes Economic Growth & Development

d)

All of the above options

7.

Which of the following helps to develop & expand the microeconomics theories?

a)

Macroeconomics

b)

Keynes

c)

Theory of Income

d)

Adam Smith

8.

Which of the following is not concerned with Macroeconomics?

a)

National Income Accounting

b)

Inflation

c)

International Trade

d)

Individual Firm

9.

The Federal Reserve's two primary goals DO NOT include

a)

maximum sustainable employment

b)

stable inflation

c)

diversification of the economy

10.

One measure of the economy macroeconomists pay attention to to study the pace of growth in the economy is

a)

supply

b)

inflation

c)

demand

d)

equilibrium price

11.

Who provides top leadership for the Federal Reserve?

a)

Member Banks

b)

Federal Open Market Committee

c)

Board of Governors

d)

Federal Depository Institutions

12.

The Federal Open Market Committee

a)

combines the Board of Governors and the 12 Reserve Banks

b)

contains approximately 8.039 commercial banks

c)

ensures safety deposits