CLEP: Principles Of Macroeconomics! Trivia Quiz

10 Questions | Total Attempts: 109

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CLEP: Principles Of Macroeconomics! Trivia Quiz

The CLEP Principles of Macroeconomics test examines your basic knowledge of macroeconomics. Macroeconomics deals with a larger scale of the economy such as a country's economy. The questions are technical for the analysis of an economy. Take the test to ascertain your success.


Questions and Answers
  • 1. 
    Macroeconomics deals with
    • A. 

      A smaller scale of the economy.

    • B. 

      JA larger scale of the economy

    • C. 

      The private business

    • D. 

      None of the above

  • 2. 
    Frederick has a job at a supermarket as a janitor, yet he has a master's degree in accounting shows...
    • A. 

      Unemployment

    • B. 

      Underemployment

    • C. 

      Exploiting employment

    • D. 

      None of the above

  • 3. 
    Budget deficit means...
    • A. 

      The income of the country is more than the expenditure.

    • B. 

      The expenditure of a country is more than the income

    • C. 

      A and B

    • D. 

      All of the above

  • 4. 
    Inflation is caused by one of the following.
    • A. 

      Government policy

    • B. 

      Increase in supply

    • C. 

      Excess money in circulation

    • D. 

      A and B

  • 5. 
    Deflation means:
    • A. 

      Persistent rise in price of goods and services.

    • B. 

      Persistent fall in prices of goods and services

    • C. 

      The downturn of the economy

    • D. 

      None of the above

  • 6. 
    Overpopulation means
    • A. 

      The burst of population

    • B. 

      The situation with too many people

    • C. 

      Insufficience of resources to cater for people.

    • D. 

      All of the above

  • 7. 
    Father of economics is...
    • A. 

      Adams Smith

    • B. 

      Karl Marx

    • C. 

      Adolf Hitler

    • D. 

      All of the above

  • 8. 
    All but one is used by central banks use to control the supply of money.
    • A. 

      Moral suasions

    • B. 

      Open market operation

    • C. 

      Directives

    • D. 

      Bank charges

  • 9. 
    When a government has many issues which need financial support, picking the pressing needs show.
    • A. 

      Scale of preference

    • B. 

      Opportunity forgone

    • C. 

      Alternatives

    • D. 

      All of the above

  • 10. 
    Why do we study economics?
    • A. 

      To meet our needs with scarce resources

    • B. 

      To buy and sell

    • C. 

      To create utility

    • D. 

      All of the above

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