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Econ Test 2

Authored by primanita setyono

English

University

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Econ Test 2
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63 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

2. In the year 2045, Yuni is studying the effect of futuristic government policies on the economy. She learns about the concept of ‘crowding out’, which refers to:

The impact of increased government borrowing leading to reduced investment in the private sector
Hyperinflation
Balance of payments
Structural unemployment

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

4. In the year 2045, as Rani’s government faces rising prices in the economy, which policy would she most likely implement to combat inflation?

Increasing interest rates
Crowding out
Producer surplus
Comparative advantage

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

5. In the year 2024, during a global economic downturn, a group of economist advised the government to increase spending on infrastructure and decrease taxes to stimulate growth. This approach is known as:

Keynesian economics
Marginal utility
Exchange rate regime
Interest parity

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

6. In a futuristic economy where digital currencies dominate, Rudi explained the quantity theory of money using the equation:

MV = PQ
Liquidity trap
GDP deflator
Elasticity of demand

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

8. In a future where technology has advanced significantly, how advanced significantly, how does a decrease in consumer spending affect the economy?

t decreases economic activity and aggregate demand
Classical dichotomy
Capital deepening
Demand-pull inflation

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

9. In the year 2040, Rahman is analyzing the impact of a significant depreciation of his country’s currency on international trade. How does this depreciation affect the country’s exports and imports?

exports increase and imports decrease
Monetary policy
Supply-side policy
Aggregate supply shock

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

10. In a futuristic society where technological advancements are rapidly evolving, Sari, Dian, and Ina discuss the question: What is the impact of these advancements on economic growth?

Technological advancements are a key driver of economic growth
Automatic stabilizers
Market failure
Fiscal drag

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