Macroeconomics
Authored by John Robinson
Social Studies
12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When inflation is high the _______________of the dollar decreases
cost value
purchasing power
importance
validity
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following studies economics as a whole?
Microeconomics
Macroeconomics
Both Microeconomics & Macroeconomics
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is GDP?
Gross Domestic Product
Get Duties Prior
Gross Department Power
Gross Duties Peer
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is the study of the nations economy as a whole.
Microeconomics
National economy
National output
Macroeconomics
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What would cause AD to decrease?
an increase in taxes
a decrease taxes
an increase in government spending
keeping government spending constant
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The belief the government must manage the economy by spending more money when in a recession and cutting spending when there is inflation.
Keynesian Economics
Supply-Side Economics
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
MPS is 20%. Government spends $1 million. How does this affect AD?
Increase by $5 million
Decrease by 20
Decrease by $5 million
Increase by $4 million
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