711. What is Macroeconomics?
A) The study of individual economic agents.
B) The study of the economy as a whole, including topics like inflation, unemployment, and economic growth.
C) The study of market transactions.
D) The study of microeconomic principles.
712. What is GDP (Gross Domestic Product)?
A) The total value of imports and exports.
B) The total value of goods and services produced within a country’s borders.
C) The total market value of all final goods and services produced in a country in a given period.
D) The total value of a country’s national debt.
713. What is the primary goal of Macroeconomic policy?
A) Maximizing profits for businesses.
B) Minimizing income inequality.
C) Promoting economic stability and sustained growth.
D) Ensuring price stability.
714. What does the unemployment rate measure?
A) The total number of people in the labor force.
B) The percentage of the labor force that is unemployed.
C) The total number of job vacancies.
D) The average duration of unemployment.
715. What is inflation?
A) A decrease in the overall level of prices.
B) An increase in the overall level of prices.
C) The exchange rate between two currencies.
D) The level of national debt.
716. What is the Phillips Curve?
A) A curve that shows the relationship between the price of goods and the quantity demanded.
B) A curve that illustrates the trade-off between inflation and unemployment.
C) A curve that represents the production possibilities of an economy.
D) A curve that depicts the relationship between interest rates and investment.
717. What is the federal funds rate?
A) The interest rate set by commercial banks.
B) The interest rate on long-term government bonds.
C) The interest rate at which banks lend to each other overnight.
D) The interest rate on consumer loans.
718. What is fiscal policy?
A) The management of the money supply by the central bank.
B) The use of government spending and taxation to influence the economy.
C) The regulation of financial markets.
D) The setting of interest rates by the central bank.
719. What is monetary policy?
A) The use of government spending and taxation to influence the economy.
B) The management of the money supply by the central bank.
C) The setting of interest rates by the central bank.
D) The regulation of financial markets.
720. What is the role of the central bank in a country’s economy?
A) To control government spending.
B) To regulate international trade.
C) To conduct monetary policy and regulate the money supply.
D) To set tax rates.
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