Test Bank to accompany Principles of Macroeconomics, NETA Assessment: Sixth Canadian Edition BY Mankiw and Mckenzie all chapters covered

NETAASSESSMENTv




Test Bank vv




to accompany
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Test Bank prepared
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by Constantin
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Colonescu MacEwan
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Universityvv

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




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 by Nelson Education Ltd. Nelson is a registered trademark used herein under licence. All
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v rights reserved.
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For more information contact Nelson, 1120 Birchmount Road, Toronto, Ontario M1K 5G4. Or you can visit
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our Internet site at www.nelson.com.
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ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in
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v any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, web
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v distribution or information storage and retrieval systems—without the written permission of the publisher
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ii

, TABLE OF CONTENTS vv vv




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 Supply And Demand: How Markets Work
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Chapter 4 The Market Forces of Supply and 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
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multiple- choice testing. Many instructors use multiple-choice reluctantly, believing that it
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is a methodology best used for testing what a student remembers rather than what she or
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he has learned.
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Nelson Education Ltd. understands that a good quality multiple-choice test bank can
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provide the means to measure higher-level thinking skills as well as recall. Recognizing
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the importance of multiple-choice testing in today’s classroom, we have created NETA—
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the Nelson Education Teaching Advantage program—to ensure the value of our high
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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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v Fellow, professor of psychology at Brock University, and researcher in the area of multiple-
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v choice testing. NETA ensures that subject-matter experts who author test banks have had
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v training in two areas: avoiding common errors in test construction, and developing
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multiple- choice test questions that “get beyond remembering” to assess higher-level
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thinking.
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All NETA test banks include David DiBattista’s guide for instructors, “Multiple Choice Tests:
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v Getting Beyond Remembering.” This guide has been designed to assist you in using
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Nelson test 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
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for Canadian students by Constantin Colonescu, MacEwan University. The multiple-choice
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v questions were written and edited to conform to NETA guidelines, which emphasize the
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v development of higher-order thinking and the effective construction of questions. NETA
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v principles of question construction help eliminate ambiguity, arguable answers,
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guesswork, and unconscious cues to test-savvy students, resulting in a test that
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accurately reflects student understanding. The Test Bank offers over 3510 questions,
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including about 2822 multiple choice, about 362 true/false, about 162 problems, and
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about 164 short answer questions.
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In addition to providing a variety of questions related to each chapter objective, this test
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bank also employs a series of tags that can help design effective, balanced tests by the
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measure of course outcomes. All of the tags are included with the question in the test
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bank. These tags include:
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 ANS: The correct answer. (Suggested answers are provided for the short answer
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4