Macroeconomics Practice
Exam #3 Answer Key
Q# Ans. Unit Topic Q# Ans. Unit Topic
1 B 1 1.2- Production possibilities 31 E 1 1.1- Human capital
2 E 5 5.6- Economic growth 32 C 3 3.6- AS/AD
3 C 3 3.2- Spending multiplier 33 A 4 4.4- Bank balance sheet
4 C 2 2.6- GDP deflator 34 B 3 3.9- Fiscal policy
5 A 6 6.6- Capital Flows 35 B 3 3.7- AS/AD
6 D 4 4.6- Monetary policy 36 A 3 3.7- Long-run self-adjust.
7 B 3 3.2- Spending multiplier 37 D 6 6.2- Foreign exchange
8 B 2 2.1- Circular flow 38 E 4 4.4- Money multiplier
9 E 4 4.1- Bond prices 39 C 1 1.6- Supply and demand
10 E 5 5.6- Economics growth 40 C 5 5.5- Crowding out
11 D 4 4.6- Monetary policy 41 E 3 3.6- AS/AD
12 C 6 6.6- Foreign exchange 42 B 5 5.5- Crowding out
13 D 2 2.1- GDP 43 A 3 3.6- AS/AD
14 E 4 4.6- Monetary policy 44 C 5 5.3-Quantity theory
15 E 4 4.4- Money multiplier 45 B 6 6.6- Balance of payments
16 D 4 4.4- Bank balance sheets 46 C 5 5.1- Monetary and fiscal
17 E 1 1.2- Production possibilities 47 B 2 2.3- Unemployment
18 D 4 4.1- Assets 48 C 4 4.6- Monetary policy
19 C 6 6.1- Balance of payments 49 A 2 2.6- GDP deflator
20 D 1 1.3- Comparative advantage 50 C 3 3.6- AS/AD and investment
21 B 2 2.1- GDP 51 E 1 1.3- Comparative advantage
22 E 6 6.5- Foreign exchange 52 C 5 5.1- Monetary policy
23 E 5 5.7- Public Policy 53 C 4 4.2- Real vs. nominal rates
24 C 5 5.2- Phillips curve 54 A 5 5.1- Combined policies
25 D 5 5.6- Productivity 55 E 6 6.4- Foreign exchange
26 C 4 4.7- Loanable funds 56 D 3 3.8- AS/AD
27 E 3 3.7- Self-Adjustments 57 A 2 2.7- Business cycle
28 D 3 3.2- Spending multiplier 58 E 3 3.6- AS/AD
29 E 2 2.3- Unemployment 59 B 2 2.5- Inflation
30 B 4 4.5- Money market 60 D 3 3.7- Long-run self-adjust.
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