TEST BANK FOR MACRO ECONOMICS 11th
EDITION BY ANDREW ABEL, BEN BERNAKE,
AND DEAN CROUSHORE ALL CHAPTERS
COVERED LATEST GUIDE.2025 A+
, TABLE OF CONTENTS
PART 1: INTRODUCTION
1. Introduction to macroeconomics
2. The measurement and structure of the national economy
PART 2: LONG-RUN ECONOMIC PERFORMANCE
3. Productivity, output, and employment
4. Consumption, saving, and investment
5. Saving and investment in the open economy
6. Long-run economic growth
7. The asset market, money, and prices
PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY
8. Business cycles
9. The is–lm/ad–as model: a general framework for macroeconomic analysis
10. Classical business cycle analysis: market-clearing macroeconomics
11. Keynesianism: the macroeconomics of wage and price rigidity
PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS
12. Unemployment and inflation
13. Exchange rates, business cycles, and macroeconomic policy in the open economy
14. Monetary policy and the federal reserve system
15. Government spending and its financing
PAGE 2
,CHAPTER 1: INTRODUCTION TO MACROECONOMICS (30 QUESTIONS)
1. Which Of The Following Best Describes The Scope Of Macroeconomics?
A) It Studies Individual Consumers And Firms.
B) It Focuses On The Behavior Of Large Corporations Only.
C) It Examines National Economic Aggregates And Overall Economic Performance.
D) It Only Deals With The Study Of Inflation.
ANS:C
Explanation: Microeconomics Studies Individual Agents, Whereas Macroeconomics Looks At Aggregates (GDP,
Inflation, Unemployment, Etc.) At The National Or Global Level.
2. A Primary Concern Of Macroeconomics Is:
A) Determination Of A Firm’s Profit-Maximizing Output.
B) Understanding How Individual Preferences Affect Consumption Of Specific Goods.
C) Analysis Of The Overall Price Level And National Output.
D) Market Structure And Firm Behavior In Oligopolies.
ANS:C
Explanation: While Microeconomics Focuses On Individual Markets, Macroeconomics Deals With Broad Indicators
Such As Aggregate Price Levels (Inflation) And National Output (GDP).
3. Which Of The Following Is A Key Macroeconomic Goal?
PAGE 3
, A) Minimizing The Costs Of Production For Individual Firms.
PAGE 4
EDITION BY ANDREW ABEL, BEN BERNAKE,
AND DEAN CROUSHORE ALL CHAPTERS
COVERED LATEST GUIDE.2025 A+
, TABLE OF CONTENTS
PART 1: INTRODUCTION
1. Introduction to macroeconomics
2. The measurement and structure of the national economy
PART 2: LONG-RUN ECONOMIC PERFORMANCE
3. Productivity, output, and employment
4. Consumption, saving, and investment
5. Saving and investment in the open economy
6. Long-run economic growth
7. The asset market, money, and prices
PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY
8. Business cycles
9. The is–lm/ad–as model: a general framework for macroeconomic analysis
10. Classical business cycle analysis: market-clearing macroeconomics
11. Keynesianism: the macroeconomics of wage and price rigidity
PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS
12. Unemployment and inflation
13. Exchange rates, business cycles, and macroeconomic policy in the open economy
14. Monetary policy and the federal reserve system
15. Government spending and its financing
PAGE 2
,CHAPTER 1: INTRODUCTION TO MACROECONOMICS (30 QUESTIONS)
1. Which Of The Following Best Describes The Scope Of Macroeconomics?
A) It Studies Individual Consumers And Firms.
B) It Focuses On The Behavior Of Large Corporations Only.
C) It Examines National Economic Aggregates And Overall Economic Performance.
D) It Only Deals With The Study Of Inflation.
ANS:C
Explanation: Microeconomics Studies Individual Agents, Whereas Macroeconomics Looks At Aggregates (GDP,
Inflation, Unemployment, Etc.) At The National Or Global Level.
2. A Primary Concern Of Macroeconomics Is:
A) Determination Of A Firm’s Profit-Maximizing Output.
B) Understanding How Individual Preferences Affect Consumption Of Specific Goods.
C) Analysis Of The Overall Price Level And National Output.
D) Market Structure And Firm Behavior In Oligopolies.
ANS:C
Explanation: While Microeconomics Focuses On Individual Markets, Macroeconomics Deals With Broad Indicators
Such As Aggregate Price Levels (Inflation) And National Output (GDP).
3. Which Of The Following Is A Key Macroeconomic Goal?
PAGE 3
, A) Minimizing The Costs Of Production For Individual Firms.
PAGE 4
