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Bmal590 Macroeconomics Exam Questions
And Answers 2025 Update.
An economic recession refers to: - Answer✔A period, typically two consecutive quarters, during
which aggregate output declines.
Deflation refers to: - Answer✔A decrease in the overall price level.
Macroeconomics is the branch of economics that deals with; - Answer✔The economy as a
whole
The school of economic thought that argues that price and a wage rigidities do not provide the
only reasoning for an active macro economic policy framework is referred to as - Answer✔Now-
Keynesians
The primary driver for the emergence of Macro economic theory as we know it today was the
failure of - Answer✔The classical model to explain the prolong the existence of a high
unemployment during the great depression
The approach that uses monetary policy to stabilize of the economy is known as -
Answer✔Fine-tuning of a demand
According to Keynesian theory, the level of unemployment - Answer✔The level of aggregate
demand for goods and services
Assume you are an author and your new book is priced at $9.95. The publisher expects to sell
5000 copies at this price. Suppose the publisher decides to offer the book at $8.95, the
publisher can expect to sell - Answer✔More than 5000 copies.
At a price of $99.95, the manufacture of a popular herbal supplement is willing to produce
10,000 packed units of the supplement. At a price of $149.95, it is likely that the manufacturer
would be willing to produce - Answer✔More than 10,000 packed units
If Ultrabook manufacturers are producing Ultrabooks faster than people want to buy them -
Answer✔There is an excess of supply and the price may be expected it to decrease.
Disposable income is that part of the household income remaining after the deduction of -
Answer✔Income tax
1
Bmal590 Macroeconomics Exam Questions
And Answers 2025 Update.
An economic recession refers to: - Answer✔A period, typically two consecutive quarters, during
which aggregate output declines.
Deflation refers to: - Answer✔A decrease in the overall price level.
Macroeconomics is the branch of economics that deals with; - Answer✔The economy as a
whole
The school of economic thought that argues that price and a wage rigidities do not provide the
only reasoning for an active macro economic policy framework is referred to as - Answer✔Now-
Keynesians
The primary driver for the emergence of Macro economic theory as we know it today was the
failure of - Answer✔The classical model to explain the prolong the existence of a high
unemployment during the great depression
The approach that uses monetary policy to stabilize of the economy is known as -
Answer✔Fine-tuning of a demand
According to Keynesian theory, the level of unemployment - Answer✔The level of aggregate
demand for goods and services
Assume you are an author and your new book is priced at $9.95. The publisher expects to sell
5000 copies at this price. Suppose the publisher decides to offer the book at $8.95, the
publisher can expect to sell - Answer✔More than 5000 copies.
At a price of $99.95, the manufacture of a popular herbal supplement is willing to produce
10,000 packed units of the supplement. At a price of $149.95, it is likely that the manufacturer
would be willing to produce - Answer✔More than 10,000 packed units
If Ultrabook manufacturers are producing Ultrabooks faster than people want to buy them -
Answer✔There is an excess of supply and the price may be expected it to decrease.
Disposable income is that part of the household income remaining after the deduction of -
Answer✔Income tax
1
