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Macroeconomics Quiz: National Economies and Policies
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Macroeconomics Quiz: National Economies and Policies

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Questions and Answers

Which of the following best describes the study of national economies, including issues such as inflation, unemployment, and economic growth?

  • Fiscal economics
  • Microeconomics
  • Market economics
  • Macroeconomics (correct)

    • What is the term used to describe a situation where the total output of an economy is below its potential level?

  • Recession (correct)
  • Inflation
  • Deflation
  • Stagnation

    • Which of the following is NOT a goal of macroeconomic policy?

  • Full employment
  • Equitable distribution of income
  • Maximizing profits for firms (correct)
  • Price stability

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