Macro economics
Quiz by SAIRA MOHAMED SHERIF
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29 questions
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- Q1What is the primary goal of monetary policy?To control inflationTo balance the budgetTo reduce unemploymentTo increase government spending30s
- Q2What does GDP stand for in macroeconomics?General Domestic ProfitGross Development PaymentGross Domestic ProductGlobal Development Product30s
- Q3What is an example of expansionary fiscal policy?Increased government spendingDecreased government borrowingReduction in public servicesHigher taxes30s
- Q4What are the main components of aggregate demand?Consumption, Investment, Government Spending, and Net ExportsInflation Rate, Exchange Rate, Trade BalanceProduction, Labor Force, TechnologyMoney Supply, Tax Rates, Interest Rates30s
- Q5Which of the following is a characteristic of a recession?High consumer confidenceA consistent rise in stock pricesIncreased hiring by businessesA decline in economic activity30s
- Q6What does the term 'inflation' refer to?The rate at which the general level of prices for goods and services risesThe difference between exports and importsThe increase in the unemployment rateThe total amount of money in circulation30s
- Q7What is the main function of the Central Bank in an economy?To oversee government spendingTo collect taxesTo regulate the stock marketTo manage the country's monetary policy30s
- Q8What typically happens to interest rates during a period of high inflation?They tend to riseThey tend to fallThey remain unchangedThey fluctuate wildly without a pattern30s
- Q9What is the purpose of fiscal policy?To regulate interest ratesTo control the money supplyTo influence the economy through government spending and taxationTo manage trade deficits30s
- Q10What is a budget deficit?When there is a surplus in trade balanceWhen government expenditures exceed its revenuesWhen government revenues exceed its expendituresWhen the government has no debt30s
- Q11What is the primary goal of monetary policy?To balance tradeTo increase government spendingTo reduce unemploymentTo control inflation30s
- Q12What does GDP stand for in macroeconomics?Global Development PlanGross Domestic ProfitGross Domestic ProductGeneral Domestic Price30s
- Q13What is considered a consequence of inflation?Enhanced saving behaviorDecreased purchasing powerHigher interest ratesIncreased employment30s
- Q14Which of the following is used to measure a country's economic performance?Gross Domestic Product (GDP)Balance of PaymentsUnemployment RateConsumer Price Index (CPI)30s
- Q15What is the primary function of a central bank?To manage government spendingTo regulate the money supplyTo control fiscal policyTo provide insurance to banks30s