Macroeconomics MCQs (Chapterwise Multiple Choice Questions)

Negative income elasticity of demand is related to ?

Luxury goods

Inferior goods

Necessity goods

Sticky goods

Normal goods

Answer & Explanation

Correct Answer: Inferior goods

Note: This Question is unanswered, help us to find answer for this one
In order to take out the effect of _____________, an adjustment must be made for price changes.

Inflation

Recession

Growth

All the above

Answer & Explanation

Correct Answer: Inflation

Note: This Question is unanswered, help us to find answer for this one
As income taxes rise, disposable income __________, causing __________ the ad curve.

Increases; movement down along

Increases; a rightward shift of

Decreases; movement up along

Decreases; a leftward shift of

Answer & Explanation

Correct Answer: Decreases; a leftward shift of

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Keynesian theory is related to:

No government intervention

Government intervention in the market place for economic growth and stability

Relationship between possible rates of taxation and the resulting levels of government revenue

None of these

Transactions between private parties are free from tariffs

Answer & Explanation

Correct Answer: Government intervention in the market place for economic growth and stability

Note: This Question is unanswered, help us to find answer for this one
What does raising interest rates and reducing the supply of money do?

Reduce inflation

Reduce unemployment

Increase unemployment

Increase FDI

Increase inflation

Answer & Explanation

Correct Answer: Reduce inflation

Note: This Question is unanswered, help us to find answer for this one
The amount of capital equipment used up or destroyed is called the ____________.

PDI

CFC

GPDI

None of the above

Answer & Explanation

Correct Answer: CFC

Note: This Question is unanswered, help us to find answer for this one
Which would most likely shift the aggregate supply curve? a change in the prices of _____.

Domestic products

Foreign products

Financial assets

Resources

Answer & Explanation

Correct Answer: Resources

Note: This Question is unanswered, help us to find answer for this one
The difference between the ________ for a good and the ________ is called consumer surplus.

Highest price a consumer is willing to pay; lowest price a consumer is willing to pay

Lowest price a consumer is willing to pay; price the consumer actually pays

Highest price a consumer is willing to pay; price the consumer actually pays

Price the consumer actually pays; actual cost to the producer

Answer & Explanation

Correct Answer: Highest price a consumer is willing to pay; price the consumer actually pays

Note: This Question is unanswered, help us to find answer for this one
Everything else held constant, a decrease in net exports ________ aggregate ________.

Increases; demand

Decreases; demand

Decreases; supply

Increases; supply

Answer & Explanation

Correct Answer: Decreases; demand

Note: This Question is unanswered, help us to find answer for this one
What does GDP stand for?

Gross Dividend Payout

Gradual Decline Process

Gross Domestic Product

Greatest Demand Produced

Answer & Explanation

Correct Answer: Gross Domestic Product

Note: This Question is unanswered, help us to find answer for this one
Macroeconomics Quick Quiz

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Start Practicing with our MCQs given below.

MCQ on Aggregate Demand and Supply	MCQ on Aggregate Expenditure Model
MCQ on Economic Growth in the Global Economy	MCQ on Financial Markets, Saving, and Investment
MCQ on Fiscal Policy in Economics	MCQ on Introduction to Macroeconomics
MCQ on Issues in Macroeconomic Theory and Policy	MCQ on Measuring Economic Performance
MCQ on Monetary Policy of Economics	MCQ on Money, Banking, and the Federal Reserve System
General Macroeconomics MCQs

Macroeconomics MCQ

Macroeconomics Quick Quiz

Negative income elasticity of demand is related to ?

In order to take out the effect of _____________, an adjustment must be made for price changes.

As income taxes rise, disposable income , causing the ad curve.

Keynesian theory is related to:

What does raising interest rates and reducing the supply of money do?

The amount of capital equipment used up or destroyed is called the ____________.

Which would most likely shift the aggregate supply curve? a change in the prices of _____.

The difference between the for a good and the is called consumer surplus.

Everything else held constant, a decrease in net exports aggregate .

What does GDP stand for?

Macroeconomics MCQ

Macroeconomics Quick Quiz

Negative income elasticity of demand is related to ?

In order to take out the effect of _____________, an adjustment must be made for price changes.

As income taxes rise, disposable income __________, causing __________ the ad curve.

Keynesian theory is related to:

What does raising interest rates and reducing the supply of money do?

The amount of capital equipment used up or destroyed is called the ____________.

Which would most likely shift the aggregate supply curve? a change in the prices of _____.

The difference between the ________ for a good and the ________ is called consumer surplus.

Everything else held constant, a decrease in net exports ________ aggregate ________.

What does GDP stand for?

As income taxes rise, disposable income , causing the ad curve.

The difference between the for a good and the is called consumer surplus.

Everything else held constant, a decrease in net exports aggregate .