Search Header Logo

Tut 8: macro

Authored by Trần Thị Ly

English

University

Used 1+ times

Tut 8: macro
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 In the long run, inflation is caused by

Banks that have market power and refuse to lend money.

Governments that raise taxes so high that it increases the cost of doing business and, hence, raises prices.

 Governments that print too much money.

 Increases in the price of inputs, such as labor and oil.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What prices rise at an extraordinarily high rate, it is called

 inflation

Hyperinflation.

Deflation.

 Disinflation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the price level doubles,

The quantity demanded of money falls by half.

The money supply has been cut by half

Nominal income is unaffected.

The value of money has been cut by half.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 In the long run, the demand for money is most dependent upon

The level of prices

The availability of credit cards.

The availability of banking outlets.

The interest rate. 


5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity theory of money concludes that an increase in the money supply causes


A proportional increase in velocity

A proportional increase in price.


. A proportional increase in real output.


A proportional decrease in velocity.


6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a real variable is

The nominal interest rate.

The ratio of the value of wages to the price of soda

The price of corn.

The dollar wage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The quantity equation states that

 Money x price level = velocity x real output.

Money x real output = velocity x price level.

Money x velocity = price level x real output.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?