Test bank for principles of macroeconomics 6th edition mankiw

NETAASSESSMENT
|




Test Bank |



to accompany
|




Test |Bank |prepared
|by | Constantin

Colonescu | MacEwan
|

|University

,NETA Assessment: Test Bank to accompany Principles of Macroeconomics,
| | | | | | | |


Sixth Canadian Edition
| |




By |N. |Gregory |Mankiw |/ |Ronald |D. |Kneebone |/ |Kenneth |J. |McKenzie



Test |Bank |prepared |by |Constantin |Colonescu, |MacEwan |University



NETA |copy |editor: |Frances |Robinson


Available |on |Instructor’s |Resource |CD |ISBN |. |0-17-655440-8

COPYRIGHT |©2014 |by |Nelson |Education |Ltd. |Nelson |is |a |registered |trademark |used |herein |under |licence. |All
| rights |reserved.




For |more |information |contact |Nelson, |1120 |Birchmount |Road, |Toronto, |Ontario | M1K |5G4. |Or |you |can |visit
|our | Internet |site |at |www.nelson.com.



ALL |RIGHTS |RESERVED. |No |part |of |this |work |covered |by |the |copyright |hereon |may |be |reproduced |or |used |in
| any |form |or |by |any |means—graphic, |electronic, |or |mechanical, |including |photocopying, |recording, |taping,

|web | distribution |or |information |storage |and |retrieval |systems—without |the |written |permission |of |the

|publisher




ii

, TABLE OF CONTENTS
| |




Part |1 |Introduction
Chapter |1 |Ten |Principles |of |Economics 1-1
Chapter |2 |Thinking |Like |an |Economist 2-1
Chapter |3 |Interdependence |and |the |Gains |from |Trade 3-1

Part |2 |Supply |And |Demand: |How |Markets |Work
Chapter |4 |The |Market |Forces |of |Supply |and |Demand 4-1

Part |3 |The |Data |of |Macroeconomics
Chapter |5 |Measuring |a |Nation’s |Income 5-1
Chapter |6 |Measuring |the |Cost |of |Living 6-1

Part |4 |The |Real |Economy |in |the |Long |Run
Chapter |7 |Production |and |Growth 7-1
Chapter |8 |Saving, |Investment, |and |the |Financial |System 8-1
Chapter |9 |Unemployment |and |Its |Natural |Rate 9-1

Part |5 |Money |And |Prices |in |the |Long |Run
Chapter |10 |The |Monetary |System 10-1
Chapter |11 |Money |Growth |and |Inflation 11-1

Part |6 |The |Macroeconomics |of |Open |Economies
Chapter |12 |Open-Economy |Macroeconomics: |Basic |Concepts 12-1
Chapter |13 |A |Macroeconomic |Theory |of |the |Small |Open |Economy 13-1

Part |7 |Short-Run |Economic |Fluctuations
Chapter |14 |Aggregate |Demand |and |Aggregate |Supply 14-1
Chapter |15 |The |Influence |of |Monetary |and |Fiscal |Policy |on |Aggregate |Demand 15-1
Chapter |16 |The |Short-Run |Tradeoff |between |Inflation |and |Unemployment 16-1

Part |8 |Final |Thoughts
Chapter |17 |Five |Debates |over |Macroeconomic |Policy 17-1




iii

, PREFACE




In |most |post-secondary |courses, |a |large |percentage |of |student |assessment |is |based |on
|multiple- | choice |testing. |Many |instructors |use |multiple-choice |reluctantly, |believing |that |it

|is |a | methodology |best |used |for |testing |what |a |student |remembers |rather |than |what |she |or

|he |has | learned.




Nelson |Education |Ltd. |understands |that |a |good |quality |multiple-choice |test |bank |can
|provide | the |means |to |measure |higher-level |thinking |skills |as |well |as |recall. |Recognizing

|the | importance |of |multiple-choice |testing |in |today’s |classroom, |we |have |created |NETA—

the | Nelson |Education |Teaching |Advantage |program—to |ensure |the |value |of |our |high
|quality |test | banks.




The |NETA |program |was |created |in |partnership |with |David |DiBattista, |a |3M |National |Teaching
| Fellow, |professor |of |psychology |at | Brock |University, |and |researcher |in |the |area |of |multiple-

| choice |testing. |NETA |ensures |that |subject-matter |experts |who |author |test |banks |have |had

| training |in |two |areas: |avoiding |common |errors |in |test |construction, |and |developing

|multiple- | choice |test |questions |that |“get |beyond |remembering” |to |assess |higher-level

|thinking.




All |NETA |test |banks |include |David |DiBattista’s |guide |for |instructors, |“Multiple |Choice |Tests:
| Getting |Beyond |Remembering.” |This |guide |has |been |designed |to |assist |you |in |using

|Nelson | test |banks |to |achieve |your |desired |outcomes |in | your |course.




The |Test |Bank |for |Principles |of |Macroeconomics, |Sixth |Canadian |Edition |has |been |revised
|for | Canadian |students |by |Constantin |Colonescu, |MacEwan |University. |The |multiple-choice

| questions |were |written |and |edited |to |conform |to |NETA |guidelines, |which |emphasize |the

| development |of |higher-order |thinking |and |the |effective |construction |of |questions. |NETA

| principles |of |question |construction |help |eliminate |ambiguity, |arguable |answers,

|guesswork, | and |unconscious |cues |to |test-savvy |students, |resulting |in |a |test |that

|accurately |reflects |student | understanding. |The |Test |Bank |offers |over |3510 |questions,

|including |about |2822 |multiple | choice, |about |362 |true/false, |about |162 |problems, |and

|about |164 |short |answer |questions.




In |addition |to |providing |a |variety |of |questions |related |to |each |chapter |objective, |this |test
|bank | also |employs |a |series |of |tags |that |can |help |design |effective, |balanced |tests |by |the

|measure |of | course |outcomes. |All |of |the |tags |are |included |with |the |question |in |the |test

|bank. |These |tags | include:

 ANS: |The |correct |answer. |(Suggested |answers |are |provided |for |the |short |answer
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