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Macroeconomics Pre-Test

Total questions: 12

Worksheet time: 9mins

Name
Class
Date
1.

According to this graph, what has happened to the inflation rate in Argentina over the past year?

a)

Inflation has increased

b)

Inflation has decreased

c)

Inflation has stagnated

2.

Which is the most likely cause of the change to the inflation rate in Argentina over the past year?

a)

The money supply increased

b)

The money supply decreased

c)

The money supply stayed the same

3.

Which central bank response is most likely to change inflation in Argentina?

a)

Increase the money supply

b)

Decrease the money supply

c)

Keep the money supply the same

4.

According to this graph, what has happened to the inflation rate in Armenia over the past year?

a)

Inflation has increased

b)

Inflation has decreased

c)

Inflation has stagnated

5.

Which is the most likely cause of the change to the inflation rate in Armenia over the past year?

a)

The money supply increased

b)

The money supply decreased

c)

The money supply stayed the same

6.

Which central bank response is most likely to change inflation in Armenia?

a)

Increase the money supply

b)

Decrease the money supply

c)

Keep the money supply the same

7.

Which statement best describes the current unemployment rate in Angola?

a)

The unemployment rate is too high

b)

The unemployment rate is too low

c)

The unemployment rate is acceptable

8.

Which of these is a likely cause of the unemployment rate in Angola?

a)

The money supply is too high

b)

The money supply is too low

c)

The money supply is acceptable

9.

Which central bank response is most likely to change unemployment rate in Angola?

a)

Increase the money supply

b)

Decrease the money supply

c)

Keep the money supply the same

10.

Which statement best describes the current GDP Growth Rate in the United Kingdom?

a)

The GDP Growth Rate is too low

b)

The GDP Growth Rate is too high

c)

The GDP Growth Rate is acceptable

11.

Which of these is a likely cause of the GDP Growth Rate in the United Kingdom?

a)

The money supply is too high

b)

The money supply is too low

c)

The money supply is acceptable

12.

Which central bank response is most likely to change Unemployment in the United Kingdom?

a)

Increase the money supply

b)

Decrease the money supply

c)

Keep the money supply the same