Introduction to Macroeconomic
Quiz by Neha S
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- Q1
The term 'Macro economics' is derived from the greek word
micros
makros
majos
30s - Q2
The following is not a subject matter of macro economics
Law of demand and supply
National income accounting
General price level
Business cycle
30s - Q3
macroeconomics is also called as
aggregative economics
managerial economics
social economics
comparative economics
30s - Q4
macro economics is the study of the economy as a whole and in its totality.
truefalseTrue or False30s - Q5
The main idea of classical school is that market works best when they are left without any ____________intervention.
public
social
foreign
government
45s - Q6
Which of the following Schools of Thought in macro economics focuses on the role of money supply and central bank?
Keynesian
Development Economics
Monetarism
Classical
45s - Q7
Which of the following assumptions is not the basis of Keynesian theories?
Aggregate demand determines national output
Markets can fail
Supply creates its own demand
Government intervention is necessary
60s - Q8
Which branch of Macroeconomics focuses on the problem of developing economies?
Development Economics
Trade Cycle Theory
Monetary Economics
Public Finance
60s - Q9
Name the Classical Economist
Users re-arrange answers into correct orderJumble45s - Q10
Which is not one of the importance of macro economics
Formulating Government policies
Price Determination
Forecasting future trends
Understanding the function of an economy
Understanding and evaluating economic performance
30s