Test Bank For Principles of Macroeconomics, 6th Edition by N. Gregory Mankiw

NETAASSESSMENT m




TestBank m




to accompany
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Test Bank prepared by
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m Constantin Colonescu m




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




By N. Gregory Mankiw / Ronald D. Kneebone / Kenneth J. McKenzie
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Test Bank prepared by Constantin Colonescu, MacEwan University
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NETA copy editor: Frances Robinson
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Available on Instructor’s Resource CD ISBN . 0-17-655440-8
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COPYRIGHT ©2014 byNelson Education Ltd. Nelson is a registered trademark used herein under licence. All rights
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reserved.
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For more information contact Nelson, 1120 Birchmount Road, Toronto, Ontario M1K 5G4. Or you can visit our
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mInternetsite at www.nelson.com. m m m




ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or
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by any means—graphic, electronic, or mechanical,including photocopying, recording,taping, web distribution or
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information storage and retrievalsystems—without the written permission of the publisher
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ii

, TABLE OF CONTENTS m m




Part 1 Introduction
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Chapter 1 Ten Principles of Economics
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Chapter 2 Thinking Like an Economist
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Chapter 3 Interdependence and the Gains from Trade
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Part 2 SupplyAnd Demand: How Markets Work
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Chapter 4 The Market Forces of Supplyand Demand
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Part 3 The Data of Macroeconomics
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Chapter 5 Measuring a Nation’s Income
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Chapter 6 Measuring the Cost of Living
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Part 4 The Real Economy in the Long Run
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Chapter 7 Production and Growth
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Chapter 8 Saving, Investment, and the Financial System
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Chapter 9 Unemployment and Its Natural Rate
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Part 5 Money And Prices in the Long Run
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Chapter 10 The Monetary System
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Chapter 11 Money Growth and Inflation
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Part 6 The Macroeconomics of Open Economies
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Chapter 12 Open-Economy Macroeconomics: Basic Concepts
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Chapter 13 A Macroeconomic Theory of the Small Open Economy
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Part 7 Short-Run Economic Fluctuations
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Chapter 14 Aggregate Demand and Aggregate Supply
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Chapter 15 The Influence of Monetary and Fiscal Policy on Aggregate Demand
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Chapter 16 The Short-Run Tradeoff between Inflation and Unemployment
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Part 8 Final Thoughts
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Chapter 17 Five Debates over Macroeconomic Policy
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iii

, PREFACE




In most post-secondary courses, a large percentage of student assessment is based on multiple-
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mchoice testing. Manyinstructors use multiple-choice reluctantly, believing that it is a
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mmethodology best used for testing what a student remembers rather than what she or he has m m m m m m m m m m m m m m m




mlearned.

Nelson Education Ltd. understands that a good quality multiple-choice test bank can provide the
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means to measure higher-level thinking skills as well as recall. Recognizing the importance of
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multiple-choice testing in today’s classroom, we have created NETA—the Nelson Education
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Teaching Advantage program—to ensure the value of our high quality test banks.
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The NETA program was created in partnership with David DiBattista, a 3M National Teaching
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mFellow, professor of psychology at Brock University, and researcher in the area of multiple-
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mchoice testing. NETA ensures that subject-matter experts who author test banks have had
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mtraining in two areas: avoiding common errors in test construction, and developing multiple-
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mchoice test questions that “get beyond remembering” to assess higher-level thinking.
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All NETA test banks include David DiBattista’s guide for instructors, “Multiple Choice Tests:
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mGetting Beyond Remembering.” This guide has been designed to assist you in using Nelson test
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banks to achieve your desired outcomes in your course.
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The Test Bank for Principles of Macroeconomics, Sixth Canadian Edition has been revised for
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mCanadian students by Constantin Colonescu, MacEwan University. The multiple-choice
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mquestions were written and edited to conform to NETA guidelines, which emphasize the
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mdevelopment of higher-order thinking and the effective construction of questions. NETA m m m m m m m m m m




mprinciples of question construction help eliminate ambiguity, arguable answers, guesswork,
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mand unconscious cues to test-savvy students, resulting in a test that accurately reflects student
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munderstanding. The Test Bank offers over 3510 questions, including about 2822 multiple choice, m m m m m m m m m m m m




about 362 true/false, about 162 problems, and about 164 short answer questions.
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In addition to providing a varietyof questions related to each chapter objective, this test bank also
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employs a series of tags that can help design effective, balanced tests by the measure of course
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outcomes. All of the tags are included with the question in the test bank. These tags include:
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• ANS: The correct answer. (Suggested answers are provided for the short answer questions.)
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• PTS: The number of points an instructor can assign for each question. The default is 1
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point. m




4