Introduction to Macroeconomics

Question 1

Which examples would a student of macroeconomics study? Check all that apply.the impact of competition on a bakerythe effects of a tax increase on the gross domestic productthe influence of economic challenges, such as inflation and unemploymentthe effect of rising interest rates on the purchasing decisions of individualsthe result of a major government spending program on the national unemployment rate

Revolt · Accepted Answer

B: the effects of a tax increase on the gross domestic product; C: the influence of economic challenges, such as inflation and unemployment; E: the result of a major government spending program on the national unemployment rate

Question 2

When economists study aggregate supply and aggregate demand, what are they studying?

Revolt · Accepted Answer

B: the total supply and demand of goods produced at all price levels

Question 3

Which of these are among the macroeconomic goals of governments? Check all that apply.steadily increasing the gross domestic productavoiding overspending at all costskeeping citizens employedhelping limit economic growthmanaging prices throughout the economy

Revolt · Accepted Answer

A: steadily increasing the gross domestic product; C: keeping citizens employed; E: managing prices throughout the economy

Question 4

✔ goods and servicesinjectorsexpenditures

Revolt · Accepted Answer

A: goods and services

Question 5

✔ injectorleakage

Revolt · Accepted Answer

A: injector

Question 6

Which details did you include in your answer? Check all that apply.

Revolt · Accepted Answer

AssessCtrl2a9ce580-de8d-11e2-baf6-bc764e043e0c_15051,AssessCtrl2a9ce580-de8d-11e2-baf6-bc764e043e0c_15052,AssessCtrl2a9ce580-de8d-11e2-baf6-bc764e043e0c_15053

Question 7

expenditures✔ incomegoods and services

Revolt · Accepted Answer

B: income

Question 8

injector✔ leakage

Revolt · Accepted Answer

B: leakage

Question 9

leakagesinjectors✔ expenditures

Revolt · Accepted Answer

C: expenditures

Question 10

injector✔ leakage

Revolt · Accepted Answer

B: leakage

Introduction to Macroeconomics Answers

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