Practice Quiz

CLEP Principles of Macroeconomics Exam Prep - Question List

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36. Governments engage in _______ to increase aggregate demand during a recession and to invigorate the economy.
  1. Growth stabilizers
  2. Automatic stabilizers
  3. Aggregate stabilizers
  4. Supply stabilizers
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37. The aggregate demand curve slopes downward for the following reasons except:
  1. Wealth
  2. Inflation
  3. Interest rate
  4. Exchange rate
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38. What would happen if bond prices were to fall?
  1. The interest rates would always remain constant
  2. The interest rates would increase
  3. The interest rates would decrease
  4. The demand for money would decrease
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39. Which of the following happens as a result of stagflation?
  1. The Phillips curve experiences a shift to the left
  2. The Phillips curve experiences a shift to the right
  3. Unemployment increases
  4. Both B and D
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40. Which of the following terms refers to the market value of all the final goods and services that is produced by an economy within a given period of time?
  1. Gross national product
  2. Gross domestic product
  3. Stagflation
  4. Market demand
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