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, TABLE OF CONTENTS
Test Bank: Brief Principles of Macroeconomics, 11th Edition
Author: Gregory Mankiw
ST
Part I. Introduction
Chapter 1. Ten Principles of Economics
UV
Chapter 2. Thinking Like an Economist
Chapter 3. Interdependence and the Gains from Trade
Part II. How Markets Work
IA
Chapter 4. The Market Forces of Supply and Demand
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Part III. The Data of Macroeconomics
Chapter 5. Measuring a Nation’s Income
Chapter 6. Measuring the Cost of Living
PP
Part IV. The Real Economy in the Long Run
Chapter 7. Production and Growth
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Chapter 8. Saving, Investment, and the Financial System
Chapter 9. The Basic Tools of Finance
Chapter 10. Unemployment
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Part V. Money and Prices in the Long Run
Chapter 11. The Monetary System
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Chapter 12. Money Growth and Inflation
Part VI. The Macroeconomics of Open Economies
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Chapter 13. Open-Economy Macroeconomics: Basic Concepts
Chapter 14. A Macroeconomic Theory of the Open Economy
Part VII. Short-Run Economic Fluctuations
Chapter 15. Aggregate Demand and Aggregate Supply
, Chapter 16. The Influence of Monetary and Fiscal Policy on Aggregate Demand
Chapter 17. The Keynesian Cross
Chapter 18. The Short-run Trade-off between Inflation and Unemployment
Part VIII. Final Thoughts
Chapter 19. Five Debates over Macroeconomic Policy
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Chapter 20. Appendix: How Economists Use Data
UV
IA
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PP
RO
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, Name: Class: Date:
Ch 01: MC
1. Resources are
a. scarce for households but plentiful for economies.
b. plentiful for households but scarce for economies.
c. scarce for households and scarce for economies.
ST
d. plentiful for households and plentiful for economies.
ANSWER: c
2. Fundamentally, economics deals with
UV
a. scarcity.
b. money.
c. poverty.
d. banking.
IA
ANSWER: a
3. The overriding reason why households and societies face many decisions is that
_A
a. resources are scarce.
b. goods and services are not scarce.
c. incomes fluctuate with business cycles.
d. people, by nature, tend to disagree.
PP
ANSWER: a
4. The phenomenon of scarcity stems from the fact that
a. most economies' production methods are not very good.
RO
b. in most economies, wealthy people consume disproportionate quantities of goods and services.
c. governments restrict production of too many goods and services.
d. resources are limited.
ANSWER: d
VE
5. In most societies, resources are allocated by
a. a single central planner.
b. a small number of central planners.
D
c. those firms that use resources to provide goods and services.
d. the combined actions of millions of households and firms.
??
ANSWER: d
VE
RO
PP
_A
IA
UV
ST
, TABLE OF CONTENTS
Test Bank: Brief Principles of Macroeconomics, 11th Edition
Author: Gregory Mankiw
ST
Part I. Introduction
Chapter 1. Ten Principles of Economics
UV
Chapter 2. Thinking Like an Economist
Chapter 3. Interdependence and the Gains from Trade
Part II. How Markets Work
IA
Chapter 4. The Market Forces of Supply and Demand
_A
Part III. The Data of Macroeconomics
Chapter 5. Measuring a Nation’s Income
Chapter 6. Measuring the Cost of Living
PP
Part IV. The Real Economy in the Long Run
Chapter 7. Production and Growth
RO
Chapter 8. Saving, Investment, and the Financial System
Chapter 9. The Basic Tools of Finance
Chapter 10. Unemployment
VE
Part V. Money and Prices in the Long Run
Chapter 11. The Monetary System
D?
Chapter 12. Money Growth and Inflation
Part VI. The Macroeconomics of Open Economies
?
Chapter 13. Open-Economy Macroeconomics: Basic Concepts
Chapter 14. A Macroeconomic Theory of the Open Economy
Part VII. Short-Run Economic Fluctuations
Chapter 15. Aggregate Demand and Aggregate Supply
, Chapter 16. The Influence of Monetary and Fiscal Policy on Aggregate Demand
Chapter 17. The Keynesian Cross
Chapter 18. The Short-run Trade-off between Inflation and Unemployment
Part VIII. Final Thoughts
Chapter 19. Five Debates over Macroeconomic Policy
ST
Chapter 20. Appendix: How Economists Use Data
UV
IA
_A
PP
RO
VE
D?
?
, Name: Class: Date:
Ch 01: MC
1. Resources are
a. scarce for households but plentiful for economies.
b. plentiful for households but scarce for economies.
c. scarce for households and scarce for economies.
ST
d. plentiful for households and plentiful for economies.
ANSWER: c
2. Fundamentally, economics deals with
UV
a. scarcity.
b. money.
c. poverty.
d. banking.
IA
ANSWER: a
3. The overriding reason why households and societies face many decisions is that
_A
a. resources are scarce.
b. goods and services are not scarce.
c. incomes fluctuate with business cycles.
d. people, by nature, tend to disagree.
PP
ANSWER: a
4. The phenomenon of scarcity stems from the fact that
a. most economies' production methods are not very good.
RO
b. in most economies, wealthy people consume disproportionate quantities of goods and services.
c. governments restrict production of too many goods and services.
d. resources are limited.
ANSWER: d
VE
5. In most societies, resources are allocated by
a. a single central planner.
b. a small number of central planners.
D
c. those firms that use resources to provide goods and services.
d. the combined actions of millions of households and firms.
??
ANSWER: d
