NETA Assessment: Test Bank to accompany Principles of Macroeconomics, Sixth Canadian Edition

NETA ASSESSMENT
Test Bank
to accompany




Test Bank prepared by
Constantin Colonescu
MacEwan University

,NETA Assessment: Test Bank to accompany Principles of Macroeconomics,
Sixth Canadian Edition

By N. Gregory Mankiw / Ronald D. Kneebone / Kenneth J. McKenzie

TABLE OF CONTENTS

Part 1 Introduction
Chapter 1 Ten Principles of Economics 1-1
Chapter 2 Thinking Like an Economist 2-1
Chapter 3 Interdependence and the Gains from Trade 3-1

Part 2 Supply And Demand: How Markets Work
Chapter 4 The Market Forces of Supply and Demand 4-1

Part 3 The Data of Macroeconomics
Chapter 5 Measuring a Nation’s Income 5-1
Chapter 6 Measuring the Cost of Living 6-1

Part 4 The Real Economy in the Long Run
Chapter 7 Production and Growth 7-1
Chapter 8 Saving, Investment, and the Financial System 8-1
Chapter 9 Unemployment and Its Natural Rate 9-1

Part 5 Money And Prices in the Long Run
Chapter 10 The Monetary System 10-1
Chapter 11 Money Growth and Inflation 11-1

Part 6 The Macroeconomics of Open Economies
Chapter 12 Open-Economy Macroeconomics: Basic Concepts 12-1
Chapter 13 A Macroeconomic Theory of the Small Open Economy 13-1

Part 7 Short-Run Economic Fluctuations
Chapter 14 Aggregate Demand and Aggregate Supply 14-1
Chapter 15 The Influence of Monetary and Fiscal Policy on Aggregate Demand 15-1
Chapter 16 The Short-Run Tradeoff between Inflation and Unemployment 16-1

Part 8 Final Thoughts
Chapter 17 Five Debates over Macroeconomic Policy 17-1

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, PREFACE




In fmost fpost-secondary fcourses, fa flarge fpercentage fof fstudent fassessment fis fbased fon
fmultiple- f choice ftesting. fMany finstructors fuse fmultiple-choice freluctantly, fbelieving fthat fit
fis fa f methodology fbest fused ffor ftesting fwhat fa fstudent fremembers frather fthan fwhat fshe
for fhe fhas f learned.


Nelson fEducation fLtd. funderstands fthat fa fgood fquality fmultiple-choice ftest fbank fcan
fprovide f the fmeans fto fmeasure fhigher-level fthinking fskills fas fwell fas frecall. fRecognizing
fthe f importance fof fmultiple-choice ftesting fin ftoday’s fclassroom, fwe fhave fcreated
fNETA—the f Nelson fEducation fTeaching fAdvantage fprogram—to fensure fthe fvalue fof four
fhigh fquality ftest f banks.


The fNETA fprogram fwas fcreated fin fpartnership fwith fDavid fDiBattista, fa f3M fNational
fTeaching f Fellow, fprofessor fof fpsychology fat fBrock fUniversity, fand fresearcher fin fthe farea
fof fmultiple- f choice ftesting. fNETA fensures fthat fsubject-matter fexperts fwho fauthor ftest
fbanks fhave fhad f training fin ftwo fareas: favoiding fcommon ferrors fin ftest fconstruction, fand
fdeveloping fmultiple- f choice ftest fquestions fthat f“get fbeyond fremembering” fto fassess
fhigher-level fthinking.


All fNETA ftest fbanks finclude fDavid fDiBattista’s fguide ffor finstructors, f“Multiple fChoice
fTests: f Getting fBeyond fRemembering.” fThis fguide fhas fbeen fdesigned fto fassist fyou fin
fusing fNelson f test fbanks fto fachieve fyour fdesired foutcomes fin f your fcourse.


The fTest fBank ffor fPrinciples fof fMacroeconomics, fSixth fCanadian fEdition fhas fbeen frevised
ffor f Canadian fstudents fby fConstantin fColonescu, fMacEwan fUniversity. fThe fmultiple-
choice f questions fwere fwritten fand fedited fto fconform fto fNETA fguidelines, fwhich
femphasize fthe f development fof fhigher-order fthinking fand fthe feffective fconstruction fof
fquestions. fNETA f principles fof fquestion fconstruction fhelp feliminate fambiguity, farguable
fanswers, fguesswork, f and funconscious fcues fto ftest-savvy fstudents, fresulting fin fa ftest
fthat faccurately freflects fstudent f understanding. fThe fTest fBank foffers fover f3510
fquestions, fincluding fabout f2822 fmultiple f choice, fabout f362 ftrue/false, fabout f162
fproblems, fand fabout f164 fshort fanswer fquestions.



In faddition fto fproviding fa fvariety fof fquestions frelated fto feach fchapter fobjective, fthis ftest
fbank f also femploys fa fseries fof ftags fthat fcan fhelp fdesign feffective, fbalanced ftests fby fthe
fmeasure fof f course foutcomes. fAll fof fthe ftags fare fincluded fwith fthe fquestion fin fthe ftest
fbank. fThese ftags f include:
• ANS: fThe fcorrect fanswer. f(Suggested fanswers fare fprovided ffor fthe fshort fanswer
4

, fquestions.)
• PTS: fThe fnumber fof fpoints fan finstructor fcan fassign ffor feach fquestion. fThe
fdefault fis f1 f point.




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