Macroeconomics Quiz
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Questions and Answers

Which branch of economics has a target to enhance global macroeconomic stability through policy coordination and coherence as part of the 2030 Agenda?

  • Macroeconomics (correct)
  • Microeconomics
  • Development economics
  • Behavioral economics

Which field of economics deals with the performance, structure, behavior, and decision-making of an economy as a whole?

  • Macroeconomics (correct)
  • Microeconomics
  • Development economics
  • Behavioral economics

What are some topics studied by macroeconomists?

  • Supply and demand
  • Interest rates and taxes (correct)
  • Market equilibrium
  • Individual consumer behavior

What are the two most general fields in economics?

<p>Macroeconomics and microeconomics (A)</p> Signup and view all the answers

According to economists Emi Nakamura and Jón Steinsson, what is the state of evidence regarding the consequences of different macroeconomic policies?

<p>Highly imperfect (A)</p> Signup and view all the answers

What are some sources of unemployment?

<p>All of the above (D)</p> Signup and view all the answers

According to the OECD, how is unemployment measured?

<p>By the number of people who are unemployed as a percentage of the labour force (D)</p> Signup and view all the answers

How can a country influence the status of the economy?

<p>Through fiscal policy (D)</p> Signup and view all the answers

What is the role of the central bank in influencing the economy?

<p>To influence the availability and cost of money through monetary policy (C)</p> Signup and view all the answers

Which organization defines GDP as 'an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services (plus any taxes, and minus any subsidies, on products not included in the value of their outputs)'?

<p>The Organisation for Economic Co-operation and Development (OECD) (D)</p> Signup and view all the answers

What does the unemployment rate measure?

<p>The number of people who are unemployed as a percentage of the labour force (D)</p> Signup and view all the answers

GDP is most often used by which entity to measure its economic health?

<p>The government of a single country (B)</p> Signup and view all the answers

What does GDP measure?

<p>The market value of all the final goods and services produced in a specific time period by a country or countries (D)</p> Signup and view all the answers

According to the text, why is GDP often revised before being considered a reliable indicator?

<p>Due to its complex and subjective nature (C)</p> Signup and view all the answers

What is the role of GDP definitions?

<p>To be maintained by a number of national and international economic organizations (D)</p> Signup and view all the answers

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