Econ Final B
Quiz by Matthew Hwrd
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
- Q1
which of the following typically occurs during an expansionary phase of a business cycle?
employment increases.
30s - Q2
economic growth refers to an increase in which of the following?
potential real gross domestic product (GDP).
30s - Q3
if both the nominal interest rate and the expected inflation rate increase, what will happen to the real interest rate?
it will decrease if the expected inflation rate increases by more than the nominal interest rate.
30s - Q4
which of the following statements is true about an expansionary fiscal policy?
it increases aggregate demand.
30s - Q5
which of the following will most likely result from deflation?
increased real value of fixed incomes.
30s - Q6
which of the following is a defining characteristic of a fractional reserve banking system?
the fact that banks retain an amount of bank reserves that is less than the amount of costumer demand deposits.
30s - Q7
a negative aggregate supply shock will result in which of the following in the short run?
an increase in both the price level and the unemployment rate.
30s - Q8
which of the following combinations of fiscal and monetary policies will correct a severe recession?
decreasing income tax rates and increasing the money supply.
30s - Q9
which of the following would decrease the united states net exports to south korea?
South Korean computer companies sell more computers to the united states.
30s - Q10
an increase in the purchases of newly constructed houses will result in which of the following?
aggregate demand will increase as a result of an increase in investment spending.
30s - Q11
suppose that a country's nominal gross domestic product (GDP) was $1,000 in year 1 and $2,000 in year 2. if year 1 is the base year and real GDP in year 2 was $1,000, which of the following is true?
prices doubled between year 1 and year 2.
30s - Q12
to decrease the money supply, a country's central bank can do which of the following?
sell government bonds.
30s - Q13
which of the following types of unemployment is caused by a recession?
cyclical unemployment.
30s - Q14
if the united states government increases deficit spending, which of the following will occur as a result of the change in the interest rate?
the united states dollar will appreciate in foreign exchange markets.
30s - Q15
in the short run, a reduction in the money supply will cause?
a leftward shift in the aggregate demand curve.
30s