Economic Principles Quiz
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Questions and Answers

Which economic theory focuses on the government's role in controlling the money supply to achieve economic goals?

  • Monetarism (correct)
  • Austrian Economics
  • Classical Economics
  • Keynesian Economics
  • What is the study of how people allocate resources and make decisions about the production, distribution, and consumption of goods and services?

  • Econometrics
  • Macroeconomics
  • Microeconomics (correct)
  • Behavioral Economics
  • What is the term for the total value of all goods and services produced in a country within a specific time period?

  • Net National Product (NNP)
  • Disposable Income
  • National Income
  • Gross Domestic Product (GDP) (correct)
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