Macro Economics Quiz

Froggy Jumps

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Test your macro knowledge.

Dr. Srushti Shreeram Manchekar

India

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Macro Economics Quiz


Froggy Jumps Macro Economics QuizVersion en ligne Test your macro knowledge. par Dr. Srushti Shreeram Manchekar 1 What index measures overall price level changes in an economy over time? a CPI (Consumer Price Index) b GDP Deflator c PPI (Producer Price Index) 2 Which policy tool is primarily used to combat inflation? a Currency devaluation b Tight monetary policy c Expansionary fiscal policy 3 Which curve shows the relationship between aggregate price level and output? a Demand Curve b Aggregate Supply c Phillips Curve 4 What is the term for total spending in an economy? a Aggregate demand b Aggregate supply c Money supply 5 Which tool is a government uses to influence the economy via spending and taxation? a Fiscal policy b Exchange rate policy c Monetary policy 6 Which condition is associated with high unemployment and low inflation? a Stagflation b Rising inflationary gap c Recessionary gap 7 What measures the total value of goods and services produced? a Gross Domestic Product b Net National Product c Disposable Income 8 Which tool directly affects money supply? a Tax credits b Tariffs c Open market operations 9 A country with a persistent current account deficit is likely experiencing: a Trade surplus b High inflation only c Capital inflows or borrowing 10 What short-run phenomenon can fiscal stimulus aim to reduce? a Deflation b Budget deficit c Unemployment