Macro Economics Test Questions
and Answers
Which of the following statements are incorrect concerning unemployment insurance -
Answer-UI Has a tendency to make people energetic
The natural rate of an unemployment is closely associated with this percentage __ -
Answer-. 05
Inflation is closely related to the__ - Answer-Increase in prices in a particular the
increase in CPI
Suppose in an economy the national output increases the economy is in a state of -
Answer-Expansion
Consider the following situation the Phillips curve is vertical in the long run and increase
the money supply from year to year will likely_____ The unemployment rate and will
likely___ The inflation rate - Answer-Not change; increase
Suppose in an economy the aggregate supply curve shifts to the left but the aggregate
demand curve does not shift then the Phillips curve would then show - Answer-A
positive relationship between unemployment and inflation
The aggregate demand an aggregate supply represents - Answer-The behavior of the
economy as a whole
Which of the following is a benefit of the US dollar appreciating with respect to a foreign
currency - Answer-The US dollar appreciation would allow each dollar to buy more of
the foreign currency Than before appreciation
Keynesian economics looks at the role of government as an - Answer-Facilitator
The law of demand states that quantity demanded of a good is ___ related tooth price
provided all other factors are unchanged - Answer-Inversely
Macro economics tries to dress three major concerns: ___ Growth and unemployment -
Answer-Inflation
and Answers
Which of the following statements are incorrect concerning unemployment insurance -
Answer-UI Has a tendency to make people energetic
The natural rate of an unemployment is closely associated with this percentage __ -
Answer-. 05
Inflation is closely related to the__ - Answer-Increase in prices in a particular the
increase in CPI
Suppose in an economy the national output increases the economy is in a state of -
Answer-Expansion
Consider the following situation the Phillips curve is vertical in the long run and increase
the money supply from year to year will likely_____ The unemployment rate and will
likely___ The inflation rate - Answer-Not change; increase
Suppose in an economy the aggregate supply curve shifts to the left but the aggregate
demand curve does not shift then the Phillips curve would then show - Answer-A
positive relationship between unemployment and inflation
The aggregate demand an aggregate supply represents - Answer-The behavior of the
economy as a whole
Which of the following is a benefit of the US dollar appreciating with respect to a foreign
currency - Answer-The US dollar appreciation would allow each dollar to buy more of
the foreign currency Than before appreciation
Keynesian economics looks at the role of government as an - Answer-Facilitator
The law of demand states that quantity demanded of a good is ___ related tooth price
provided all other factors are unchanged - Answer-Inversely
Macro economics tries to dress three major concerns: ___ Growth and unemployment -
Answer-Inflation
