Macroeconomic Objectives Quiz

Macroeconomic Objectives Quiz

11th Grade

18 Qs

quiz-placeholder

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Macroeconomic Objectives Quiz

Macroeconomic Objectives Quiz

Assessment

Quiz

Other

11th Grade

Medium

Created by

Malavika Manoj

Used 2+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the target annual economic growth rate for many developed nations?

1-2%

2-3%

3-4%

4-5%

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is considered a sustainable level of government debt?

When debt exceeds 90% of GDP

When debt is manageable and repayments do not risk the economy

When debt is paid off completely

When debt is less than 50% of GDP

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a positive impact of economic growth?

Higher living standards

Decreased government budgets

Higher inflation rates

Increased unemployment

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the natural rate of unemployment (NRU)?

The unemployment rate during a recession

The lowest achievable level of unemployment

The unemployment rate during a boom

0% unemployment

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the target inflation rate for many economies?

4%

1%

2%

3%

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does demand-pull inflation result from?

Decreased consumer spending

Increased production costs

Excess demand in the economy

Excess supply in the economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of unemployment occurs when workers are between jobs?

Cyclical unemployment

Frictional unemployment

Seasonal unemployment

Structural unemployment

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