MACROECONOMICS EXAMINATION QUESTIONS AND CORRECT ANSWER WITH EXPLANATION GRADED A+ STUDY GUIDE SOUTHERN NEW HAMPSHIRE UNIVERSITY

MACROECONOMICS EXAMINATION QUESTIONS AND
CORRECT ANSWER WITH EXPLANATION GRADED A+
STUDY GUIDE SOUTHERN NEW HAMPSHIRE UNIVERSITY

1. Macroeconomics studies:

A. Individual firms
B. Entire economy
C. One consumer
D. Cooking systems
Answer: B
It focuses on the economy as a whole.



2. The main focus of macroeconomics is:

A. Household behavior
B. National economic performance
C. HR recruitment
D. Marketing ads
Answer: B
It studies national indicators.



3. GDP stands for:

A. General Domestic Product
B. Gross Domestic Product
C. Global Demand Price
D. Gross Development Plan
Answer: B
It measures total output.



4. GDP measures:

,A. Population
B. Total value of goods and services produced
C. Imports only
D. HR output
Answer: B
It measures economic activity.



5. Inflation refers to:

A. Price decrease
B. General rise in prices
C. Stable prices
D. Free goods
Answer: B
It reduces purchasing power.



6. Deflation means:

A. Price increase
B. General fall in prices
C. No change
D. Free market
Answer: B
It is opposite of inflation.



7. Unemployment means:

A. Full employment
B. People willing but unable to find jobs
C. Cooking jobs
D. HR jobs
Answer: B
It measures joblessness.



8. Fiscal policy is controlled by:

, A. Central bank
B. Government
C. Firms
D. Households
Answer: B
It involves taxation and spending.



9. Monetary policy is controlled by:

A. Government
B. Central bank
C. Firms
D. HR
Answer: B
It controls money supply.



10. Central bank controls:

A. HR policy
B. Money supply and interest rates
C. Cooking system
D. Marketing system
Answer: B
It manages monetary stability.



11. Economic growth means:

A. Decline in output
B. Increase in GDP
C. Inflation only
D. HR growth
Answer: B
It measures output increase.



12. Economic development includes: