Macroeconomics Overview Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following can temporarily benefit from deflation?

Question 2 2. Which of the following is the best explanation of a deflationary spiral?

Question 3 3. Which of the following is the best explanation of deflation?

Question 4 4. What happens with the supply of money during deflation?

Question 5 5. What is the opposite of deflation?

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Question 6 6. Which is NOT part of the official unemployment definition?

Question 7 7. Which of the following people would NOT be counted as unemployed in the official government statistics?

Question 8 8. What are impacts of unemployment?

Question 9 9. How is unemployment data collected?

Question 10 10. What is the government definition of 'work force'?

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Question 11 11. What is inflation?

Question 12 12. When demand exceeds supply, what type of inflation has occurred?

Question 13 13. When inflation occurs, what happens to income?

Question 14 14. Which one is a type of inflation?

Question 15 15. What is one effect of inflation?

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Question 16 16. Which of these is a feature of a command economy?

Question 17 17. What is the term for the concept that you can buy anything you want as long as you have the money?

Question 18 18. The principle of the US economy that makes a wide assortment of products available to American consumers is:

Question 19 19. Prices for most things in the US are determined by:

Question 20 20. In the United States, who decides how much of a product is produced?

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Question 21 21. What is the economy?

Question 22 22. Which of the following is the main measure of the size of an economy?

Question 23 23. What fraction of the U.S. GDP is made up of government spending?

Question 24 24. What is the overall effect of imports and exports on the US economy?

Question 25 25. Which of the following does NOT contribute to a larger economy?

Macroeconomics Overview Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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