NETA ASSESSMENT
W
Test Bank w
to accompany
w
Test Bank prepared by
w w w
Constantin Colonescu
w w
MacEwan University
w w
,NETA Assessment: Test Bank to accompany Principles of Macroeconomics,
w w w w w w w w
Sixth Canadian Edition
w w
By N. Gregory Mankiw / Ronald D. Kneebone / Kenneth J. McKenzie
w w w w w w w w w w w
Test Bank prepared by Constantin Colonescu, MacEwan University
w w w w w w w
NETA copy editor: Frances Robinson
w w w w
Available on Instructor’s Resource CD ISBN . 0-17-655440-8
w w w w w w w
COPYRIGHT ©2014 by Nelson Education Ltd. Nelson is a registered trademark used herein under licence.
w w w w w w w w w w w w w w
All rights reserved.
w w w
For more information contact Nelson, 1120 Birchmount Road, Toronto, Ontario M1K 5G4. Or you can visit
w w w w w w w w w w w w w w w
our Internet site at www.nelson.com.
w w w w w
ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or
w w w w w w w w w w w w w w w w
used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording,
w w w w w w w w w w w w w w
taping, web distribution or information storage and retrieval systems—without the written permission of the
w w w w w w w w w w w w w w
publisher
w
ii
, TABLE OF CONTENTS w w
Part 1 Introduction
w w
Chapter 1 Ten Principles of Economics
w w w w w 1-1
Chapter 2 Thinking Like an Economist
w w w w w 2-1
Chapter 3 Interdependence and the Gains from Trade
w w w w w w w 3-1
Part 2 Supply And Demand: How Markets Work
w w w w w w w
Chapter 4 The Market Forces of Supply and Demand
w w w w w w w w 4-1
Part 3 The Data of Macroeconomics
w w w w w
Chapter 5 Measuring a Nation’s Income
w w w w w 5-1
Chapter 6 Measuring the Cost of Living
w w w w w w 6-1
Part 4 The Real Economy in the Long Run
w w w w w w w w
Chapter 7 Production and Growth
w w w w 7-1
Chapter 8 Saving, Investment, and the Financial System
w w w w w w w 8-1
Chapter 9 Unemployment and Its Natural Rate
w w w w w w 9-1
Part 5 Money And Prices in the Long Run
w w w w w w w w
Chapter 10 The Monetary System
w w w w 10-1
Chapter 11 Money Growth and Inflation
w w w w w 11-1
Part 6 The Macroeconomics of Open Economies
w w w w w w
Chapter 12 Open-Economy Macroeconomics: Basic Concepts
w w w w w 12-1
Chapter 13 A Macroeconomic Theory of the Small Open Economy
w w w w w w w w w 13-1
Part 7 Short-Run Economic Fluctuations
w w w w
Chapter 14 Aggregate Demand and Aggregate Supply
w w w w w w 14-1
Chapter 15 The Influence of Monetary and Fiscal Policy on Aggregate Demand
w w w w w w w w w w w 15-1
Chapter 16 The Short-Run Tradeoff between Inflation and Unemployment
w w w w w w w w 16-1
Part 8 Final Thoughts
w w w
Chapter 17 Five Debates over Macroeconomic Policy
w w w w w w 17-1
iii
, PREFACE
In most post-secondary courses, a large percentage of student assessment is based on
w w w w w w w w w w w w
wmultiple- choice testing. Many instructors use multiple-choice reluctantly, believing that it
w w w w w w w w w w
wis a methodology best used for testing what a student remembers rather than what she or he
w w w w w w w w w w w w w w w w
whas learned.
w
Nelson Education Ltd. understands that a good quality multiple-choice test bank can
w w w w w w w w w w w
wprovide the means to measure higher-level thinking skills as well as recall. Recognizing
w w w w w w w w w w w w
wthe importance of multiple-choice testing in today’s classroom, we have created NETA—
w w w w w w w w w w w
the Nelson Education Teaching Advantage program—to ensure the value of our high quality
w w w w w w w w w w w w
wtest banks.w
The NETA program was created in partnership with David DiBattista, a 3M National
w w w w w w w w w w w w
Teaching Fellow, professor of psychology at Brock University, and researcher in the area of
w w w w w w w w w w w w w w
multiple- choice testing. NETA ensures that subject-matter experts who author test banks
w w w w w w w w w w w w
have had training in two areas: avoiding common errors in test construction, and developing
w w w w w w w w w w w w w w
multiple- choice test questions that “get beyond remembering” to assess higher-level
w w w w w w w w w w w
thinking.
w
All NETA test banks include David DiBattista’s guide for instructors, “Multiple Choice
w w w w w w w w w w w
Tests: Getting Beyond Remembering.” This guide has been designed to assist you in using
w w w w w w w w w w w w w w
Nelson test banks to achieve your desired outcomes in your course.
w w w w w w w w w w w
The Test Bank for Principles of Macroeconomics, Sixth Canadian Edition has been revised
w w w w w w w w w w w w
for Canadian students by Constantin Colonescu, MacEwan University. The multiple-choice
w w w w w w w w w w
questions were written and edited to conform to NETA guidelines, which emphasize the
w w w w w w w w w w w w w
development of higher-order thinking and the effective construction of questions. NETA
w w w w w w w w w w w
principles of question construction help eliminate ambiguity, arguable answers, guesswork,
w w w w w w w w w w
and unconscious cues to test-savvy students, resulting in a test that accurately reflects
w w w w w w w w w w w w w
student understanding. The Test Bank offers over 3510 questions, including about 2822
w w w w w w w w w w w w
multiple choice, about 362 true/false, about 162 problems, and about 164 short answer
w w w w w w w w w w w w w
questions.
w
In addition to providing a variety of questions related to each chapter objective, this test
w w w w w w w w w w w w w w
wbank also employs a series of tags that can help design effective, balanced tests by the
w w w w w w w w w w w w w w w
wmeasure of course outcomes. All of the tags are included with the question in the test bank.
w w w w w w w w w w w w w w w w
wThese tags include:w w
• ANS: The correct answer. (Suggested answers are provided for the short answer questions.)
w w w w w w w w w w w w
• PTS: The number of points an instructor can assign for each question. The default is
w w w w w w w w w w w w w w
1 point.
w w
iv
W
Test Bank w
to accompany
w
Test Bank prepared by
w w w
Constantin Colonescu
w w
MacEwan University
w w
,NETA Assessment: Test Bank to accompany Principles of Macroeconomics,
w w w w w w w w
Sixth Canadian Edition
w w
By N. Gregory Mankiw / Ronald D. Kneebone / Kenneth J. McKenzie
w w w w w w w w w w w
Test Bank prepared by Constantin Colonescu, MacEwan University
w w w w w w w
NETA copy editor: Frances Robinson
w w w w
Available on Instructor’s Resource CD ISBN . 0-17-655440-8
w w w w w w w
COPYRIGHT ©2014 by Nelson Education Ltd. Nelson is a registered trademark used herein under licence.
w w w w w w w w w w w w w w
All rights reserved.
w w w
For more information contact Nelson, 1120 Birchmount Road, Toronto, Ontario M1K 5G4. Or you can visit
w w w w w w w w w w w w w w w
our Internet site at www.nelson.com.
w w w w w
ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or
w w w w w w w w w w w w w w w w
used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording,
w w w w w w w w w w w w w w
taping, web distribution or information storage and retrieval systems—without the written permission of the
w w w w w w w w w w w w w w
publisher
w
ii
, TABLE OF CONTENTS w w
Part 1 Introduction
w w
Chapter 1 Ten Principles of Economics
w w w w w 1-1
Chapter 2 Thinking Like an Economist
w w w w w 2-1
Chapter 3 Interdependence and the Gains from Trade
w w w w w w w 3-1
Part 2 Supply And Demand: How Markets Work
w w w w w w w
Chapter 4 The Market Forces of Supply and Demand
w w w w w w w w 4-1
Part 3 The Data of Macroeconomics
w w w w w
Chapter 5 Measuring a Nation’s Income
w w w w w 5-1
Chapter 6 Measuring the Cost of Living
w w w w w w 6-1
Part 4 The Real Economy in the Long Run
w w w w w w w w
Chapter 7 Production and Growth
w w w w 7-1
Chapter 8 Saving, Investment, and the Financial System
w w w w w w w 8-1
Chapter 9 Unemployment and Its Natural Rate
w w w w w w 9-1
Part 5 Money And Prices in the Long Run
w w w w w w w w
Chapter 10 The Monetary System
w w w w 10-1
Chapter 11 Money Growth and Inflation
w w w w w 11-1
Part 6 The Macroeconomics of Open Economies
w w w w w w
Chapter 12 Open-Economy Macroeconomics: Basic Concepts
w w w w w 12-1
Chapter 13 A Macroeconomic Theory of the Small Open Economy
w w w w w w w w w 13-1
Part 7 Short-Run Economic Fluctuations
w w w w
Chapter 14 Aggregate Demand and Aggregate Supply
w w w w w w 14-1
Chapter 15 The Influence of Monetary and Fiscal Policy on Aggregate Demand
w w w w w w w w w w w 15-1
Chapter 16 The Short-Run Tradeoff between Inflation and Unemployment
w w w w w w w w 16-1
Part 8 Final Thoughts
w w w
Chapter 17 Five Debates over Macroeconomic Policy
w w w w w w 17-1
iii
, PREFACE
In most post-secondary courses, a large percentage of student assessment is based on
w w w w w w w w w w w w
wmultiple- choice testing. Many instructors use multiple-choice reluctantly, believing that it
w w w w w w w w w w
wis a methodology best used for testing what a student remembers rather than what she or he
w w w w w w w w w w w w w w w w
whas learned.
w
Nelson Education Ltd. understands that a good quality multiple-choice test bank can
w w w w w w w w w w w
wprovide the means to measure higher-level thinking skills as well as recall. Recognizing
w w w w w w w w w w w w
wthe importance of multiple-choice testing in today’s classroom, we have created NETA—
w w w w w w w w w w w
the Nelson Education Teaching Advantage program—to ensure the value of our high quality
w w w w w w w w w w w w
wtest banks.w
The NETA program was created in partnership with David DiBattista, a 3M National
w w w w w w w w w w w w
Teaching Fellow, professor of psychology at Brock University, and researcher in the area of
w w w w w w w w w w w w w w
multiple- choice testing. NETA ensures that subject-matter experts who author test banks
w w w w w w w w w w w w
have had training in two areas: avoiding common errors in test construction, and developing
w w w w w w w w w w w w w w
multiple- choice test questions that “get beyond remembering” to assess higher-level
w w w w w w w w w w w
thinking.
w
All NETA test banks include David DiBattista’s guide for instructors, “Multiple Choice
w w w w w w w w w w w
Tests: Getting Beyond Remembering.” This guide has been designed to assist you in using
w w w w w w w w w w w w w w
Nelson test banks to achieve your desired outcomes in your course.
w w w w w w w w w w w
The Test Bank for Principles of Macroeconomics, Sixth Canadian Edition has been revised
w w w w w w w w w w w w
for Canadian students by Constantin Colonescu, MacEwan University. The multiple-choice
w w w w w w w w w w
questions were written and edited to conform to NETA guidelines, which emphasize the
w w w w w w w w w w w w w
development of higher-order thinking and the effective construction of questions. NETA
w w w w w w w w w w w
principles of question construction help eliminate ambiguity, arguable answers, guesswork,
w w w w w w w w w w
and unconscious cues to test-savvy students, resulting in a test that accurately reflects
w w w w w w w w w w w w w
student understanding. The Test Bank offers over 3510 questions, including about 2822
w w w w w w w w w w w w
multiple choice, about 362 true/false, about 162 problems, and about 164 short answer
w w w w w w w w w w w w w
questions.
w
In addition to providing a variety of questions related to each chapter objective, this test
w w w w w w w w w w w w w w
wbank also employs a series of tags that can help design effective, balanced tests by the
w w w w w w w w w w w w w w w
wmeasure of course outcomes. All of the tags are included with the question in the test bank.
w w w w w w w w w w w w w w w w
wThese tags include:w w
• ANS: The correct answer. (Suggested answers are provided for the short answer questions.)
w w w w w w w w w w w w
• PTS: The number of points an instructor can assign for each question. The default is
w w w w w w w w w w w w w w
1 point.
w w
iv
