Macroeconomics Quiz # 7

Join our newsletter for the latest updates.

Coming Soon

Our Products

Skill Assessment

Categories

MCQs

PDFs

Buy us a coffee

Company

About

Advertising

Terms & Conditions

Sitemap

Contact

Blog

Coming Soon

Buy us a coffee

Quiz:	Macroeconomics Quiz # 7
Subject:	Money Banking And The Federal Reserve System
Total Questions:	626 MCQs
Time:	626 Minutes

Macroeconomics Quiz # 7

Travellers check is ____ instruments easily convertible into currency

In which market the money demand and money supply determine the equilibrium interest rate?

Quantity theory of money and prices states the hypothesis that changes in the money supply lead to ____proportional changes in the price level

A measure of how frequently money is turned over is called

An individual’s belief that the best indicator of the future is recent information on inflation and unemployment is adaptive expectations

___ is use of payment contracts that automatically adjust for changes in inflation

A hypothesis that states that the economy will self-correct to the natural rate of employment is called

Real business cycle theory is the belief that economic fluctuations are the result of external negative and positive productivity shocks to the economy

Theory of rational expectations belief that workers and consumers incorporate the likely consequences of government policy changes into their expectations by quickly adjusting wages and prices

What is meant by real in the term real gross domestic product?

Which of the following refers to the percentage of the population age 16 and older who are willing and able to work but are unable to obtain a job?

Why is the unemployment rate an imperfect measure of unemployment?

Which of the following groups typically has a high rate of unemployment?

Which type of unemployment results from the persistent mismatch of the skills of workers and the requirements of jobs?

Which of the following types of unemployment is used to calculate the natural rate of unemployment?

The amount of real output the economy would produce if its labor and other resources were fully employed is known as ______.

In which of the following environments is the efficiency wage most likely to be effective?

Which of the following best describes the purpose of unemployment insurance?

How has automation affected highly skilled workers?

The price of a specific good compared to the price of other goods is known as ______.

Which of the following is a price index based on?

What type of bias occurs when the consumer price index fails to reflect the savings that households enjoy when they change their spending in response to relative price changes?

How many different phases does the business cycle have?

Which of the following refers to economic indicators that economists at the Department of Commerce have found typically change before changes in economic activity?

The ______ is used to measure the value of goods and services for GDP.

For the economy as a whole, which of the following must equal spending?

Since 1929, consumption has been ______ of total expenditures for goods and services for the GDP.

In economics, an investment refers to the creation of ______.

With the expenditure approach, what abbreviation represents exports?

Cheese is an example of a ______ good.