Introduction to Macroeconomics

Macroeconomics is ...............

• the study of market regulations

• the study of economy wide phenomena

• The study of household and firms make decisions and how they interact

• The study of money and financial markets

Macroeconomics is concerned with the study of ………………..

• How Malaysian respond to oil price changes

• Production method and cost

• The effects of reduction of wage on agricultural product

• The general price level

the goal of macroeconomics is .......................

• to explain the economic changes that affect a particular household, firm or market

• to explain the economic changes that affect man household, firms and market simultaneously

• a.       To devise policies to deal with market failures such as as monopoly, externalities , common resources and public good

• all of the above

Which of the following topics related to macroeconomics

• the price of cooking oil

• the wage rate of fresh graduate

• unemployment in the nation

• the production of automobiles

Which branch of economics studies the economy as a whole?

• International economics

• Microeconomics

• Macroeconomics

• Behavioral economics

Which branch of economics deals with issues like inflation, unemployment, and economic growth?

• Microeconomics

• Macroeconomics

• Supply and demand

• Behavioral economics

What is the main focus of macroeconomics?

• Focus on micro-level economic factors

• Analysis of specific industries

• Study of individual consumer behavior

• Study of the economy as a whole

What is GDP and why is it important in macroeconomics?

• A measure of a country's economic performance

• A measure of individual wealth

• A measure of inflation

• A measure of unemployment

Which of the following is a tool used by governments to influence the economy?

• Monetary policy

• Trade policy

• Fiscal policy

• All of the above

What does the term 'inflation' refer to in macroeconomics?

• A decrease in the general price level

• An increase in the general price level

• A decrease in employment

• An increase in employment