Practice Quiz

CLEP Principles of Macroeconomics Exam Prep - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
16. The following are examples of commodity money except:
  1. Bonds
  2. Gold
  3. Silver
  4. Cigarettes
See answer
17. Over the past 25 years, the manufacturing base in the United States has begun to erode due to outsourcing to countries with cheaper production. Skilled workers in automobile and textile manufacturing have found it difficult to find other work. What type of unemployment is this?
  1. Manufacturing
  2. Outsourcing
  3. Structural
  4. Dynamic
See answer
18. During the 1990s and due to a civil war, Nigeria experienced capital flight, especially by foreign investors. Capital flight is a significant and sudden reduction in the _______ within a country.
  1. Insurance against fraud
  2. Loanable funds
  3. Supply assets
  4. Demand for assets
See answer
19. What is the most powerful tool the Fed has for adjusting bank reserves?
  1. Discount loans
  2. Open-market operations
  3. Simple money multiplier
  4. None of the above
See answer
20. The United States is facing a large budget deficit that is only expected to increase as new social programs and unemployment benefits are offered to citizens. This budget deficit is more likely to produce a demand-pull inflation when:
  1. Outsourcing leads to low employment
  2. GDP is higher and unemployment is lower
  3. GDP is lower and unemployment is higher
  4. Foreign investment is limited to manufacturing
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode