College Macroeconomics: Homework Help Resource 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. If the unemployment rate rose from 5% to 7%, but more people were employed, what LIKELY occurred?

Question 2 2. What does the Phillips Curve describe?

Question 3 3. Samantha just celebrated her first holy communion. Her parents opened a savings account (that earns 3% interest) for her to deposit the money that was gifted to her on this special occasion. Samantha deposits the $400 from her party. What will that amount will be worth in exactly 1 year from now?

Question 4 4. What is human capital?

Question 5 5. What does a shift of the demand curve to the right indicate?

Question 6 6. Aggregate supply is defined as the total amount of goods and services that are _____.

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

Question 8 8. Which of the following people has the highest opportunity cost of earning a college degree, if they must give up their present job?

Question 9 9. Which of the following will happen in the short run as a result of a favorable supply shock?

Question 10 10. Which one of these scenarios would cause Cost-Push Inflation?

Question 11 11. Which of the following statements is inaccurate regarding the demand curve?

Question 12 12. Which of the following individuals is structurally unemployed?

Question 13 13. Which of the following statements is NOT true regarding the market equilibrium?

Question 14 14. Which of the following is true about fiscal policy?

Question 15 15. If the nominal GDP is $5 trillion in year 1, and the real GDP is $4.5 trillion, what is the GDP deflator?

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College Macroeconomics: Homework Help Resource 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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