BMAL 590 Macroeconomics Questions and
Answers (100% Correct Answers) Already
Graded A+
An economic recession refers
to: [ Ans: ] a period, typically two consecutive quarters,
during which aggregate output declines
Deflation refers to: [ Ans: ] a decrease in the overall price
level.
Macroeconomics is the branch of economics that deals
with: [ Ans: ] the economy as a whole
The school of economic thought that argues that price and
wage rigidities do not provide the only reasoning for an
active macroeconomic policy framework is referred to as:
[ Ans: ] Neo-Kenesians
The primary driver for the emergence of macroeconomics
theory as we know it today was the failure of: [ Ans: ] the
classical model to explain the prolonged existene of high
unemployment during the great depression.
The approach that uses monetary policy to stabilize the
economy is known as: [ Ans: ] fine tuning of demand
According to Keynesian theory, the level of unemployment
is determined by: [ Ans: ] the level of aggregate demand
for goods and services
, Assume you are an author and your book is priced at
$9.95. The publisher expects to sell 5,000 copies at this
price. Suppose the publisher decides to offer the book at
$8.95, the publisher can expect to sell: [ Ans: ] more than
5,000 copies
At a price of $99.95, the manufacturer of a popular herbal
supplement is willing to produce 10,000 packed units of
the supplement. At a price of $149.95, it is likely that he
manufacturer would be willing to produce: [ Ans: ] more
than 10,000 packed units
If ultrabook manufacturers are producing ultrabooks
faster than people want to buy them: [ Ans: ] there is an
excess of supply and price may be expected to decrease
Disposable income is that part of a household's income
remaining after deduction of: [ Ans: ] income tax
Total consumption divided by total income would give us:
[ Ans: ] the average propensity to consume
In which of the following situations would we be likely to
observe an increase in the equilibrium price and decrease
in the equilibrium quantity? [ Ans: ] If supply falls even as
demand increases, and the fall in supply is greater than
the increase in demand.
In which one of the following situations would we be
likely to observe and increase in both the equilibrium
price and equilibrium quantity? [ Ans: ] When demand and
Answers (100% Correct Answers) Already
Graded A+
An economic recession refers
to: [ Ans: ] a period, typically two consecutive quarters,
during which aggregate output declines
Deflation refers to: [ Ans: ] a decrease in the overall price
level.
Macroeconomics is the branch of economics that deals
with: [ Ans: ] the economy as a whole
The school of economic thought that argues that price and
wage rigidities do not provide the only reasoning for an
active macroeconomic policy framework is referred to as:
[ Ans: ] Neo-Kenesians
The primary driver for the emergence of macroeconomics
theory as we know it today was the failure of: [ Ans: ] the
classical model to explain the prolonged existene of high
unemployment during the great depression.
The approach that uses monetary policy to stabilize the
economy is known as: [ Ans: ] fine tuning of demand
According to Keynesian theory, the level of unemployment
is determined by: [ Ans: ] the level of aggregate demand
for goods and services
, Assume you are an author and your book is priced at
$9.95. The publisher expects to sell 5,000 copies at this
price. Suppose the publisher decides to offer the book at
$8.95, the publisher can expect to sell: [ Ans: ] more than
5,000 copies
At a price of $99.95, the manufacturer of a popular herbal
supplement is willing to produce 10,000 packed units of
the supplement. At a price of $149.95, it is likely that he
manufacturer would be willing to produce: [ Ans: ] more
than 10,000 packed units
If ultrabook manufacturers are producing ultrabooks
faster than people want to buy them: [ Ans: ] there is an
excess of supply and price may be expected to decrease
Disposable income is that part of a household's income
remaining after deduction of: [ Ans: ] income tax
Total consumption divided by total income would give us:
[ Ans: ] the average propensity to consume
In which of the following situations would we be likely to
observe an increase in the equilibrium price and decrease
in the equilibrium quantity? [ Ans: ] If supply falls even as
demand increases, and the fall in supply is greater than
the increase in demand.
In which one of the following situations would we be
likely to observe and increase in both the equilibrium
price and equilibrium quantity? [ Ans: ] When demand and
