Microeconomics and Macroeconomics Quiz

Microeconomics is also called

• Income and employment theory

• Price theory

• Slicing method

• both (b) and (c)

Who was first coined and used the words micro and macro?

• Adam Smith

• Professor Ragnar Firshch

• Professor Marshall

• Robbins

Macroeconomics is also called

• Income and employment theory

• Price theory

• Lumping method

• Above all

Which does not fall under goals of macroeconomic policy?

• Economic growth

• Control Inflation

• Stable exchange rate

• Price determination

How many types of budgets exist in economy?

• Deficit Budget

• Surplus Budget

• Balanced Budget

• All of them

What is the main source public revenue?

• Tax and non-tax

• Internal loan

• External loan and grant

• All of them

All of Which is the instrument of macroeconomic policy?

• Reduce poverty

• Reduce economic inequality

• Monetary policy

• Reduce unemployment

Monetary policy is related to

• Management of money supply

• management of money demand

• management of borrowing

• A and B

Who implement Fiscal Policy?

• Central Monetary Authority

• Ministry of Finance

• Both of them

• None of them

Fiscal policy is related to

• Government money demand

• Money demand supply

• Government business

• Government spending, taxation and borrowing