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Macroeconomics

Quiz by Mark Tainatongo

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10 questions
Show answers
  • Q1
    The main goals of Macroeconomics are to study what?
    How the economy is behaving and which factors are causing the economy to grow and shrink
    30s
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  • Q2
    Key areas of Macroeconomics are what?
    economic challenges, Economic indicators, Money, Economic models
    30s
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  • Q3
    What does GDP stand for?
    Gross domestic product
    30s
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  • Q4
    Macroeconomics studies the challenges that the entire economies face such as
    Keeping workers employed, and keeping prices stable
    30s
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  • Q5
    Quantity supplied is affected by what 2 things?
    Price and production costs
    30s
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  • Q6
    Quantity demanded is affected by what?
    The price and the need for the good
    30s
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  • Q7
    Macroeconomics studies supply and demand in the aggregate, which means
    The total amount of supply and demand
    30s
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  • Q8
    The interaction of supply and demand between individual producers and consumers is studies within ....
    Microeconomics
    30s
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  • Q9
    In microeconomics, the point at which supply and demand meet is called the ..
    Equilibrium
    30s
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  • Q10
    In Macroeconomics, to study the aggregate means to study..
    total supply and demand
    30s
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