Economics Quiz

Economics Quiz

12th Grade

10 Qs

quiz-placeholder

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Economics Quiz

Economics Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Austin Simms

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the loanable funds market is in equilibrium, EC105

borrowing equals lending

the interest rate is greater than the demand

supply equals demand

investment spending equals consumer spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If aggregate demand increased, which of the following would occur? EC107

movement along the long-run Phillips curve

movement along the short-run Phillips curve

a rightward shift of the long-run Phillips curve

a leftward shift of the long-run Phillips curve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Crowding out is when:

businesses refuse to pay for transfer payments

unemployment of older workers decreases because they are replaced by younger workers

there is a decrease in consumption and/or private investment due to an increase in government spending

the money supply is pushed to its maximum supply levels

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Of the following assets, which is the most liquid?

currency

stocks

bonds

real estate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are part of the M1 money supply except:

currency

stocks

bonds

real estate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget deficit exists when . . .

tax revenue exceeds government spending

government spending exceeds tax revenue

tax revenue is magnified by the spending multiplier

government spending ceases to occur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The long-run Phillips curve . . .

is horizontal at full employment

is shifted left only when capital stock increases

is vertical at full employment

has an inverse relationship with the aggregate demand curve

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