Let's Learn About Types Of Macroeconomics

10 Questions | Total Attempts: 1807

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This quiz covers many topics of macroeconomics. It includes labor & unemployment, inflation, Phillips curve, and income distribution. There are 10 multiple choice questions and you will have 10 minutes to complete the quiz. GOOD LUCK!


Questions and Answers
  • 1. 
    All of the following are not included in the labor force except
    • A. 

      Stay-at-home parents.

    • B. 

      Discouraged workers.

    • C. 

      Students.

    • D. 

      People looking for a job.

    • E. 

      Retired people.

  • 2. 
    Unemployment is caused by
    • A. 

      Greedy people.

    • B. 

      Capitalism.

    • C. 

      Uneducated people.

    • D. 

      Communism.

    • E. 

      Socialism.

  • 3. 
    Policies that are intended to promote access to employment for non-dominate groups is know as
    • A. 

      Affirmative action.

    • B. 

      Transfer payments.

    • C. 

      Government support.

    • D. 

      Quotas.

  • 4. 
    Cost-push inflation is caused by a change in
    • A. 

      Demand.

    • B. 

      Supply.

    • C. 

      Money supply.

    • D. 

      Interest rates.

  • 5. 
    Monetary inflation is caused by a change in
    • A. 

      Demand.

    • B. 

      Supply.

    • C. 

      Money supply.

    • D. 

      Interest rates.

  • 6. 
    The Phillips curve illustrates what type of relationship between unemployment and inflation?
    • A. 

      Direct

    • B. 

      Inverse

    • C. 

      No relationship

  • 7. 
    The Phillips curve was proven incorrect because of what economic concept?
    • A. 

      Deflation

    • B. 

      Stagflation

    • C. 

      Inflation

    • D. 

      Monetary policy

  • 8. 
    The TOTAL amount of income is known as
    • A. 

      Functional income.

    • B. 

      Disposable income.

    • C. 

      Gross income.

    • D. 

      Discretionary income.

  • 9. 
    The total amount of income an individual makes after taxes is known as
    • A. 

      Functional income.

    • B. 

      Disposable income.

    • C. 

      Gross income.

    • D. 

      Discretionary income.

  • 10. 
    A payment of money from the government to an individual is known as
    • A. 

      A transfer payment.

    • B. 

      Affirmative action.

    • C. 

      Inflation.

    • D. 

      Gross income.