Macroeconomics Quizzes, Questions & Answers

Do you know what determines economic growth? We encourage you to take our online Macroeconomics Quizzes. Do you think you can ace our quizzes? Why does output fluctuate? Why do we have inflation, and why is it a problem? Why do we have unemployment, and why does it hinder the economy?

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Macroeconomics Practice Quiz Questions And Answers

Are you looking for practice material for an upcoming assignment or test in macroeconomics? Check out these macroeconomics practice quiz questions and answers and test your knowledge for the same. Macroeconomics is the field of...

Questions: 10 | Attempts: 28481 | Last updated: Jul 10, 2024

Sample Question
Diffrence between Real and Nominal GDP is:

Measured by excluding some of the sectors

That real GDP is always smaller than Nominal GDP.

Change in price level from base year to current year.

None of the above.

Macroeconomics - Chapter 10

Questions: 40 | Attempts: 986 | Last updated: Mar 21, 2023

Sample Question
The most important determinant of consumer spending is

The level of household borrowing

Consumer expectations

The stock of wealth

The level of income

Macroeconomics - Chapter 8

Questions: 40 | Attempts: 760 | Last updated: Mar 22, 2023

Sample Question
Economic growth is best defined as an increase in

Either real GDP or real GDP per capita

Nominal GDP

Total consumption expenditures

Wealth in the economy

Macroeconomics Exam! MCQ Trivia

Questions: 40 | Attempts: 520 | Last updated: Nov 16, 2023

Sample Question
Discretionary fiscal policy is

The use of interest rate changes to affect aggregate demand.

The use of interest rate changes to affect aggregate supply.

The use of government spending or tax policy to manage aggregate demand.

The use of government spending or tax policy to manage aggregate supply.

Macroeconomics [ch. 18]

Questions: 20 | Attempts: 4424 | Last updated: Mar 22, 2023

Sample Question
An economy that interacts with other economies is known as

A balanced trade economy

An export economy

An import economy

A closed economy

An open economy

Recent Quizzes

Econ 232 Macroeconomics Final Exam

ECON 232 Macroeconomics Final Exam

Final Exam for Macroeconomics

Questions: 58 | Attempts: 516 | Last updated: Mar 21, 2023

Sample Question
The concept of scarcity in economics implies that

Precious Metals like Silver are harder to find than common metals like iron.

Some products are intermediate products that cannot be consumed.

Choices must be made among alternative uses for resources.

Some goods are naturally limited in supply.

Monopolists restrict the amounts they will produce.

Macroeconomics Basic MCQ Quiz!

Questions: 14 | Attempts: 318 | Last updated: Mar 21, 2023

Sample Question
The goods-producing sector has added 9,000 jobs despite stagnant growth in construction. Of the following sectors, where did growth occur?

Utilities

Mining

Manufacturing

Logging

Macroeconomics 201 E1

Questions: 34 | Attempts: 542 | Last updated: Mar 22, 2023

Sample Question
Recall Chapter 1's opening story about the British sea captains and the convicted felons. In what way were incentives used to solve the problem of the high mortality rate on board the ships?

Payment (to ship captains) was to be offered for each prisoner that was taken aboard the ships.

Payment (to ship captains) was made independent of the regulations passed for prisoner welfare.

Regulations were passed so that prisoners could get better food, water, and medical care.

Payment (to ship captains) was made dependent on the survival rate of prisoners.

Questions On Monetary And Fiscal Policy! Macroeconomics Trivia Quiz

Questions on Monetary and Fiscal Policy! Macroeconomics Trivia Quiz

Questions: 34 | Attempts: 437 | Last updated: Mar 22, 2023

Sample Question
An increase in the interest rate increases the quantity demanded of money because it increases the rate of return on money.

True

False

Macroeconomics System Quiz Questions

Macroeconomics system quiz questions

Questions: 13 | Attempts: 771 | Last updated: Mar 21, 2023

Sample Question
The fundamental questions that an economic system attempts to solve include:

For whom to produce

What to produce

How to produce

All of the above

(7.) Economics Hl. Macroeconomics, Definitions.

(7.) Economics HL. Macroeconomics, definitions.

IB Economics HL. Definitions QUIZ. Section 3. Macroeconomics. Inflation, unemployment, income distribution.

Questions: 23 | Attempts: 323 | Last updated: Mar 22, 2023

Sample Question
"Inflation that occurs as a result of an increase in costs of production" What kind of inflation is this?

Demand-pull inflation

Cost-push inflation

Stagflation

(6.) Economics Hl. Macroeconomics, Definitions.

(6.) Economics HL. Macroeconomics, definitions.

IB Economics HL. Definitions QUIZ. Section 3. Macroeconomics. National income, aggregate demand and aggregate supply.

Questions: 35 | Attempts: 189 | Last updated: Mar 22, 2023

Sample Question
"Foregoing current consumption to allow for consumption in the future" What is being defined?

Leakage

Injection

Saving

Macroeconomics Chapter 4 Measuring Output & Unemployment

Questions: 23 | Attempts: 303 | Last updated: Mar 20, 2023

Sample Question
What does GDP stand for?

Gross Domestic Product

Greatest Dollar Product

Green Dollar Prolific

Economics Quiz: Principles Of Macroeconomics! Trivia

Economics Quiz: Principles of Macroeconomics! Trivia

Ever wondered how well do you know the principles of macroeconomics? Macroeconomics is a division of finances that deals with implementing, building, behavior, and decision-making of an economy. It utilizes interest rates,...

Questions: 19 | Attempts: 657 | Last updated: Mar 20, 2023

Sample Question
Which of the following is a capital resource?

A new car bought by the Jones family

A truck used in transporting school children to a soccer practice

A truck used in transporting steel to an automobile factory

Hamburger meat used to produce a juicy hamburger on a home grill

A sapling used to create a forest in a new national park

Macroeconomics [ch. 20]

Macroeconomics [Ch. 20]

Aggregate Demand & Aggregate Supply

Questions: 35 | Attempts: 1633 | Last updated: Mar 21, 2023

Sample Question
Over the last 50 years, U.S. real GDP has grown at about 5 percent per year

True

False

Macroeconomics [ch. 17]

Macroeconomics [Ch. 17]

Questions: 20 | Attempts: 1774 | Last updated: Aug 31, 2023

Sample Question
In the long run, inflation is caused by

Bands that have market power and refuse to lend money.

Governments that raise taxes so high that it increases the cost of doing business and, hence, raises prices.

Governments that print too much money

Increases in the price of inputs, such as labor and oil

None of the above

Macroeconomics [ch 16]

Macroeconomics [Ch 16]

Money and prices in the long run

Questions: 31 | Attempts: 2656 | Last updated: Mar 21, 2023

Sample Question
Which of the following is not a function of money

Unit of account

Store of value

Hedge against inflation

Medium of exchange

Macroeconomics: Definition & Principles Quiz

Macroeconomics: Definition & Principles quiz

This is to test your knowledge on material covered in chapter 5. Good Luck.

Questions: 21 | Attempts: 212 | Last updated: Mar 20, 2023

Sample Question
Macroeconomics deals with:

Bits and pieces of the economy.

The question of how a business unit should operate profitably.

The working of the entire economy or large sectors of it.

How individuals make decisions.

Macroeconomics 212

Macroeconomics chapter 23-25

Questions: 13 | Attempts: 451 | Last updated: Mar 20, 2023

Sample Question
A decrease in the government budget deficit decreases the ________ loanable funds and an increase in the government budget surplus increases the ________ loanable funds.

Demand for; demand for

Demand for; supply of

Supply of; demand for

Supply of; supply of

Demand for loanable funds and the supply of; supply of loanable funds and the demand for

Macroeconomics Exam Review

MacroEconomics Exam Review

Quiz for macro economics. STUDY Hard!

Questions: 58 | Attempts: 1174 | Last updated: Mar 22, 2023

Sample Question
All of the following will likely trigger increases in output except:

Increases in the labor force

Increases in labor productivity

Increases in interest rates

Increases in consumer spending

MCQ On Macroeconomics: Trivia Test! Quiz

MCQ on Macroeconomics: Trivia Test! Quiz

Questions: 38 | Attempts: 340 | Last updated: Mar 21, 2023

Sample Question
As the part of a person's wealth that can be readily used for transactions of buying items.

Currency

Money supply

Medium of exchange

Checking deposits

Money

Let's Learn About Types Of Macroeconomics

let's learn about types of Macroeconomics

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....

Questions: 10 | Attempts: 2135 | Last updated: Mar 20, 2023

Sample Question
All of the following are not included in the labor force except

Stay-at-home parents.

Discouraged workers.

Students.

People looking for a job.

Retired people.

U S Macroeconomics Trivia Questions

U S Macroeconomics trivia questions

Study for final exam

Questions: 21 | Attempts: 216 | Last updated: Mar 20, 2023

Sample Question
Faced with growing problems in Asia, the US government spent several billion dollar buying Japanece yen. This action was intended to:

Increase the supply of Japanese yen in Asia

Increase the supply of Japanese yen in the US

Weaken the Japanese yen and strenghten the US dollar

Strengthen the Japanese yen and make the Japanese exports less expensive

Strengthen the Japanese yen and make Japanese exports more expensive

True Or False: Trivia Questions On Savings And Investment! Quiz

Below are some true or false Trivia Questions On Savings And Investment. When people get money, making more money through what they save up is all they can think about, and this is made possible by them making proper investments....

Questions: 16 | Attempts: 1418 | Last updated: Mar 21, 2023

Sample Question
Consumption equals disposable income plus savings.

True

False

Can You Really Pass This Macroeconomics Test? Trivia Quiz

Can you really pass this Macroeconomics Test? Trivia Quiz

Can You Pass This Macroeconomics Test? The performance of the economy is dependent on various factors. By studying microeconomics, you get to learn more about the changes in the environment and what the changes mean for the...

Questions: 23 | Attempts: 1675 | Last updated: Mar 20, 2023

Sample Question
The aggregate demand-aggregate supply model is a variable-price-level model that permits analysis of simultaneous changes in real GDP and the price level.

True

False

Eco 2020 - Chapter 2 Macro

ECO 2020 - Chapter 2 Macro

Mr. Karaki questions from study guide for Exam 1 for Macro (Chap 2)

Questions: 9 | Attempts: 98 | Last updated: Nov 29, 2023

Sample Question
What is Macroeconomics

Examines individual decision-making at firms and households and the way they interact in specific industries and markets.

Examines the workings and problems of the economy; focuses on variables such as GDP growth and unemployment.

Examines the workings and problems of the economy as a whole; focuses on variables such as GDP growth and unemployment.

Examines the workings and problems of the economy; such as GDP growth and unemployment

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