Site MapHelpFeedbackFlash Quiz
Flash Quiz
(See related pages)

1
Macroeconomic policies are government policies designed to affect:
A)the legal system of the whole country.
B)the performance of the economy as a whole.
C)particular sectors of the economy.
D)the environmental impact of all industries.
E)the economic activity of the government.
2
Average labor productivity equals:
A)average production per year.
B)total output.
C)output per person.
D)output per employed worker.
E)production per person.
3
The unemployment rate is the:
A)number of workers unemployed.
B)number of workers in the labor force.
C)number of workers minus those without a job.
D)percentage of the labor force that is out of work.
E)percentage of the population that is out of work.
4
The rate at which prices in general are increasing is called:
A)the inflation rate.
B)the unemployment rate.
C)average labor productivity.
D)the standard of living.
E)the trade balance.
5
A trade deficit occurs when:
A)government spending exceeds government revenue.
B)government revenue exceeds government spending.
C)exports equal imports.
D)exports exceed imports.
E)exports are less than imports.
6
Monetary policy refers to:
A)decisions to determine the government's budget.
B)policy directed toward increasing exports and reducing imports.
C)the determination of the nation's money supply.
D)policies to reduce the power of unions and monopolies.
E)government policies aimed at changing the underlying structure or institutions of the economy.
7
_______ analysis addresses the question of whether a policy should be used, while ______ analysis addresses the economic consequences of a particular policy.
A)Normative; positive
B)Positive; normative
C)Structural; monetary
D)Monetary; fiscal
E)Fiscal; monetary
8
Aggregation allows economists to ______ at the cost of ________.
A)study monetary policy issues; neglecting fiscal policy issues
B)make positive statements; ignoring normative analysis
C)make normative statements; ignoring positive analysis
D)see the details; obscuring the big picture
E)see the big picture; obscuring the details
9
Fiscal policy is policy that:
A)determines the nation's money supply.
B)is aimed at changing the underlying structure or institutions of the economy.
C)addresses the question of whether a policy should be used.
D)determines the government's budget.
E)addresses the question of whether a policy can be used.
10
Which of the following is an example of a structural macroeconomic policy?
A)The central bank announces a reduction in the growth rate of the money supply.
B)The government cuts income taxes.
C)The government increases spending.
D)The government sells state-owned industries to the private sector.
E)The central bank announces a policy of higher interest rates.





To learn more about the book this website supports, please visit its Information Center.
(c)2007 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Frank: Prin. of MacroeconomicsOnline Learning Center

Home > Chapter 4 > Flash Quiz