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College Macroeconomics: Tutoring Solution 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. How do increases in the price level impact GDP?

Question 2 2. Which of the following policies is a component of supply-side fiscal policy?

Question 3 3. Which of the following BEST defines inflation?

Question 4 4. What is the correct relationship between price and quantity demanded shown by the law of demand?

Question 5 5. What is the result of a negative supply shock?

Question 6 6. Which exchange rate would most likely be used for a good or service that will be delivered at a future date?

Question 7 7. _____ are payments made by those in the domestic economy to purchase financial and physical assets in other countries.

Question 8 8. Which one of the following scenarios would cause a nation's standard of living to increase?

Question 9 9. When the Fed lowers the discount rate, what will happen?

Question 10 10. What is most likely to happen with a strong dollar?

Question 11 11. What happens when the government provides a tax incentive for businesses to invest?

Question 12 12. Which of the following is NOT a valid exchange medium for factors of production?

Question 13 13. Which of the following is NOT a variable that influences net exports?

Question 14 14. What is the point at which aggregate supply and aggregate demand intersect?

Question 15 15. An upward sloping SRAS curve and a vertical LRAS reflect the fact that:

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College Macroeconomics: Tutoring Solution 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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