Government macroeconomic policy objectives

What is a government's macroeconomic policy objective of price stability?

• High inflation

• Low inflation

• High unemployment

• Low unemployment

What is a government's macroeconomic policy objective of employment?

• Low unemployment

• High inflation

• Low inflation

• High unemployment

The study of the economy as a whole, including employment, gross, GDP, inflation and economic growth is known as

• Macroeconomics

• Microeconomics

• Supply and Demand

• Market Study

What is the aim of macroeconomic policies related to exchange rate fluctuations?

• Minimizing exchange rate fluctuations

• Ignoring exchange rate fluctuations

• Stabilizing exchange rate fluctuations

• Maximizing exchange rate fluctuations

When examining macroeconomic policy measures, what concepts should be kept in mind?

• Efficiency, Stability, Progress

• Efficiency, Equilibrium, Progress

• Efficiency, Equilibrium, Stability

• Stability, Equilibrium, Progress

Which of the following are goals for the macro-economy?

• Economic Growth

• Low Unemployment

• Stable Prices

• These are all goals for the macro-economy

What is the primary way the economic growth is measured?

• GDP

• CPI

• Unemployment Rates

• Interest Rates

What is the primary way inflation is measured?

• GDP

• CPI

• CPU

• FBI

Which of the following is NOT one of the categories of GDP Calculation?

• Consumer spending

• Government Purchases

• Business Investment

• Intermediate goods

What is the technical definition of a recession?

• 1 quarter of negative GDP

• 1 year of negative GDP

• 2 or more quarters of negative GDP

• 2 years of negative GDP