
Open-Economy Macroeconomics Quiz

Quiz
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Other
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University
•
Hard
Roselyn Villaruz
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of internal balance?
High economic growth
Full employment
Equilibrium in balance of payments
Low inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which policy is considered an expenditure-changing policy?
Fiscal policy
Quotas
Tariffs
Direct controls
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the EE curve in the Swan diagram represent?
External balance
Government expenditure
Private-sector balance
Internal balance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main disadvantage of using direct controls to achieve balance?
They are easy to implement
They can interfere with market mechanisms
They are always effective
They require no government intervention
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of the IS curve?
Vertical
Horizontal
Negatively inclined
Positively inclined
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the LM curve represent?
Equilibrium in the goods market
Equilibrium in the money market
Equilibrium in government spending
Equilibrium in the balance of payments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of expansionary fiscal policy on the IS curve?
Shifts it to the right
Shifts it to the left
Makes it vertical
Keeps it unchanged
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