MACROECONOMICS
Practice Exam #1
Q# Ans. Unit Topic Q# Ans. Unit Topic
1 D 1 1.1- Economics 31 C 3 3.2- Spending multiplier
2 C 3 3.6- Stagflation 32 C 2 2.3- Unemployment
3 C 2 2.3- Unemployment 33 C 2 2.4- Inflation
4 E 5 5.2- Phillips curve 34 B 3 3.6- AD/AS
5 C 6 6.1- Balance of payments 35 C 5 5.1- Growth and policy
6 D 4 3.1- Aggregate demand 36 B 5 5.1- Growth and policy
7 E 3 3.6- AD/AS 37 B 4 4.1- Assets
8 B 2 2.5- Inflation 38 C 3 3.8- Fiscal policy
9 C 1 1.2- Production possibilities 39 A 3 3.7- Long run and policy
10 A 5 5.6- Productivity 40 C 4 4.7- Loanable funds
11 B 3 3.6- AD/AS 41 B 5 5.3- Rational expectations
12 B 1 1.6- Demand and supply 42 B 4 4.6- Open market operations
13 A 5 5.2- Phillips curve 43 C 4 4.6- Monetary policy
14 E 6 6.3- Foreign exchange 44 B 6 6.6- Foreign exchange
15 D 1 1.2- Production possibilities 45 A 3 3.2- Dissaving
16 E 4 4.6- Monetary policy 46 E 4 4.6- Monetary policy
17 E 3 3.6- AD/AS 47 E 2 2.3- Unemployment
18 D 5 5.1- Fiscal/monetary policy 48 B 6 6.4- Foreign exchange
19 B 2 2.1- Investment 49 C 5 5.6- Economic growth
20 C 5 5.6- Economic growth 50 B 4 4.6- Monetary policy
21 D 6 6.5- Foreign exchange 51 B 5 5.4- Deficit spending
22 B 2 2.1- Productivity 52 B 3 3.2- Marginal propensity
23 A 1 1.2- PPC and trade 53 C 4 4.4- Money multiplier
24 B 4 4.4- Bank balance sheet 54 A 5 5.3- Quantity theory
25 B 2 2.1- Circular flow 55 C 1 1.3- Comparative advantage
26 A 4 4.5- Money market 56 C 2 2.3- Unemployment
27 E 4 4.1- Liquidity 57 C 1 1.2- Production possibilities
28 C 5 5.6- Economics growth 58 B 1 1.2- Production possibilities
29 A 2 2.1- GDP 59 D 6 6.4- Foreign exchange
30 E 3 3.2- Spending multiplier 60 C 4 4.2- Real vs. nominal
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Jacob Clifford
