Economic-Macroeconomics

Front

What is GDP? Choose the best answer.

Back

Gross Domestic Product

Front

Which of the following best describes inflation? Choose the best answer: A decrease in consumer prices, An increase in the purchasing power of money, An overall increase in prices across an economy, A reduction in the money supply

Back

An overall increase in prices across an economy

Front

What does a high unemployment rate indicate? Choose the best answer.

Back

A large portion of the labor force is not employed

Front

Which economic system is based on free markets and limited government intervention?

Back

Capitalism

Front

Fiscal policy mainly involves changes in which of the following? Interest rates, Money supply, Government spending and taxation, Stock market regulations

Back

Government spending and taxation

Front

Which of these is NOT a primary macroeconomic goal? Low inflation, Full employment, Economic growth

Back

Balanced budget

Front

A recession is typically characterized by… Choose the best answer.

Back

A period of declining economic activity

Front

What is the main goal of monetary policy? Choose the best answer.

Back

Stabilizing the currency and controlling inflation

Front

Which organization in the U.S. primarily controls monetary policy?

Back

The Federal Reserve

Front

Which measure is commonly used to track inflation? Options: GDP, CPI (Consumer Price Index), Unemployment rate, Exchange rate

Back

CPI (Consumer Price Index)