UExcel Introduction to Macroeconomics: Study Guide & Test Prep 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. Loretta deposits money into her savings account. If all other factors are held constant, how does this affect M2?

Question 2 2. A bond is _____.

Question 3 3. What is the real interest rate when the nominal interest rate on a bank checking account is 1%, and the rate of inflation is 2%?

Question 4 4. How does the multiplier effect resemble a ripple effect through the economy?

Question 5 5. Derek was working in construction when the housing bubble burst following the 2008 financial crisis. The demand for new construction declined, and Derek lost his job. This scenario is an example of which type of unemployment?

Question 6 6. An expansionary fiscal policy would most likely cause which of the following changes in output and interest rates?

Question 7 7. Which of the following is true of wages and prices in the Keynesian Model?

Question 8 8. Which of the following statements is NOT true regarding the expenditure approach?

Question 9 9. Which of the following is NOT a determinant of the productivity of a nation?

Question 10 10. Assume that there are two parties to an exchange and that they value the goods they would receive as much as the goods they would give away. What do economists call this?

Question 11 11. Which of the following will a Keynesian economist most likely favor if the economy is operating at point a?

Question 12 12. According to the quantity theory of money, increasing the money supply will lead to what?

Question 13 13. The Phillips curve refers to the relationship between _____ and _____ in the short run.

Question 14 14. An improvement in technology affecting businesses in country A will most likely lead to which of the following?

Question 15 15. Which of the following is true about private investment?

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UExcel Introduction to Macroeconomics: Study Guide & Test Prep 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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