Introduction to Macroeconomics

Introduction to Macroeconomics

Assessment

Assessment

Created by

KERABU KESUMA

Social Studies

University

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25 questions

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1.

Multiple Choice

30 sec

1 pt

Macroeconomics approaches the study of economics from the viewpoints of

individual firms

individual consumers

government units

the entire economy

2.

Multiple Choice

30 sec

1 pt

The economy must operate at maximum capacity refers to

full employment

price stability

economic growth

equitable distribution of income

3.

Multiple Choice

30 sec

1 pt

The three major macroeconomic goals do not include

full employment

price level stability

sustained economic growth

high levels of environmental quality

4.

Multiple Choice

30 sec

1 pt

Economic growth would most likely be stimulated by

higher unemployment rates

faster rates of technological progress

increases in membership of labour unions

consumption of more consumer goods

5.

Multiple Choice

30 sec

1 pt

____ means total of real production of final goods and services available in the country.

Aggregate demand

Aggregate supply

Inflation

Aggregate output

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