Macroeconomics for Teachers: Professional Development Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Demand-Pull Inflation is illustrated by which of the following?

Question 2 2. XYZ Water Company has recently experienced an increase in labor costs. What will this increase lead to?

Question 3 3. If expansionary fiscal policy is necessary, what changes should the government make to spending or taxes?

Question 4 4. What does a shift of the demand curve to the right indicate?

Question 5 5. Economics is best described as the study of:

Question 6 6. An upward sloping SRAS curve and a vertical LRAS reflect the fact that:

Question 7 7. What is the benefit of using Real GDP?

Question 8 8. One way to create new technologies is by investing into _____.

Question 9 9. Which of the following will most likely result, due to the replacement of some portion of the federal personal income tax with a national sales tax?

Question 10 10. What is the main benefit of investing in human capital?

Question 11 11. The _____ of a good, the _____ that suppliers are willing and able to supply.

Question 12 12. What's hyperinflation?

Question 13 13. Which of the following policies would be supported by a supply-side economist?

Question 14 14. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Question 15 15. Which of the following statements regarding an exchange rate is not true?

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Macroeconomics for Teachers: Professional Development Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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