Macro Economics

Contents

#1. In the context of supply and demand, what happens to price when there is a surplus of goods?

#2. What is the role of the central bank in monetary policy?

#3. Which market structure is characterized by many buyers and sellers, identical products, and ease of entry?

#4. What is elasticity of demand?

#5. What is the primary goal of monetary policy?

#6. What is the purpose of the Consumer Price Index (CPI)?

#7. What is the role of the World Bank in the global economy?

#8. What is the Phillips Curve?

#9. What is the term for the total value of all goods and services produced by a country in a specific time period?

#10. What is the purpose of automatic stabilizers in fiscal policy?

#11. GDP stands for:

#12. The term "Gini coefficient" is used to measure:

#13. What is the role of the International Monetary Fund (IMF)?

#14. What is the purpose of a trade deficit?

#15. What does the unemployment rate measure?

#16. The national debt is:

#17. Which of the following is a characteristic of a monopoly?

#18. Which economic system relies on market forces to determine prices and allocate resources?

#19. Which of the following is a macroeconomic indicator?

#20. What is the concept of comparative advantage in international trade?

#21. What is the function of the Federal Reserve in the United States?

#22. Inflation is defined as:

#23. What is the law of demand?

#24. What is a trade deficit?

#25. What is the law of diminishing marginal utility?

Finish

Results

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