Multiple Choice Questions

What term is used in macroeconomics to describe the total supply and the total demand?
  • recession
  • factor market
  • aggregate
  • consumer price index
As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David?
  • Positive consumer attitudes influence spending habits.
  • cyclically unemployed and unemployed
  • consumer price index
  • factor market
Cost-push inflation occurs when
  • Positive consumer attitudes influence spending habits.
  • producers need more money to make and distribute goods.
  • No, a depression is indicated when the recession is exceptionally long.
  • - Demand steadily rises.- Prices continue to increase.- The economy grows in a healthy way.
The exchange of factors of production for income occurs in the ?
  • consumer price index
  • aggregate
  • factor market
  • recession
What is the name of the period when an economy begins to shrink?
  • recession
  • aggregate
  • Inflation can result from rising demand and reduces the value of money. Deflation can result from falling demand and boosts the value of money.
  • factor market
The most common measure of inflation is a statistic called the ?
  • Positive consumer attitudes influence spending habits.
  • factor market
  • recession
  • consumer price index
What decisions does the business cycle help businesses make?
  • Inflation can result from rising demand and reduces the value of money. Deflation can result from falling demand and boosts the value of money.
  • recession
  • - whether to grow or shrink the business- whether to increase or decrease production- whether to hire or lay off workers- whether to invest or save money
  • - Demand steadily rises.- Prices continue to increase.- The economy grows in a healthy way.
How do consumers' feelings about the economy help contribute to growth?
  • No, a depression is indicated when the recession is exceptionally long.
  • consumer price index
  • Positive consumer attitudes influence spending habits.
  • Inflation can result from rising demand and reduces the value of money. Deflation can result from falling demand and boosts the value of money.
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Multiple Choice Questions
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