Introduction to Macroeconomics: Help and Review 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. What is a market demand schedule?

Question 2 2. Which of the following statements is NOT true regarding the expenditure approach?

Question 3 3. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Question 4 4. What is TRUE of the theory of transaction cost economics?

Question 5 5. Which of the following is a cause of Cost-Push Inflation?

Question 6 6. What publication features frequent editorials by Krugman?

Question 7 7. Why do economists use real GDP?

Question 8 8. Which of the following is NOT an example of seasonal unemployment?

Question 9 9. Which of Smith's books focused on the individual and the cognitive and emotional processes we go through as we establish social relationships and decide how to interact with social institutions?

Question 10 10. Total Revenue (TR) = Price (P) x

Question 11 11. Assume that the Federal Reserve increases the monetary base by $1 billion when the reserve requirement is 10 percent. The money supply will increase by:

Question 12 12. The equilibrium point of the SRAS and AD is in what direction compared to the LRAS during an expansionary gap?

Question 13 13. To calculate the size of an expansionary gap, economists

Question 14 14. What does the long-run Phillips curve represent?

Question 15 15. Because resources are scarce, but wants are not:

Tell us about yourself

Are you a student or a teacher?

I am a student I am a teacher

Introduction to Macroeconomics: Help and Review 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!

Introduction to Macroeconomics: Help and Review  /  Business Courses
Support