What is the primary focus of macroeconomics?
Market Failures, Taxes, and Subsidies: Crash Course Economics

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Personal finance and budgeting
Business management strategies
Economic aggregates and national income
Individual consumer behavior
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in GDP calculations?
Government spending
Used car sales
Consumer spending
New car sales
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a decrease in real GDP for two consecutive quarters indicate?
Deflation
Economic boom
Recession
Inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of unemployment occurs when people are between jobs?
Cyclical unemployment
Structural unemployment
Frictional unemployment
Seasonal unemployment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the natural rate of unemployment?
Only cyclical unemployment
Unemployment due to seasonal changes
0% unemployment
Only frictional and structural unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is excessive deflation considered harmful to the economy?
It leads to higher interest rates
It increases consumer spending
It discourages spending and increases unemployment
It causes rapid economic growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the business cycle?
A cycle of economic expansion and contraction
A period of sustained economic growth
A phase of constant unemployment
A continuous increase in GDP
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