Practice Quiz

Praxis II: Economics Content Knowledge Exam Prep - Question List

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46. The following are examples of commodity money except:
  1. Bonds
  2. Gold
  3. Silver
  4. Cigarettes
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47.

If the foreign exchange value of a nation’s currency rises, what will happen to the aggregate supply and aggregate demand?

  1. AS will increase, AD will decrease
  2. AS will decrease, AD will increase
  3. Both AS and AD will increase
  4. Both AS and AD will decrease
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48. When discussing the aggregate expenditure approach, economists generally include four distinct types of spending: investment, government spending, net exports, and ____________.
  1. Peak
  2. Double counting
  3. Consumption
  4. Medicare
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49. Think about making deposits at a commercial bank. If that bank has no excess reserves and the requirement is 20 percent, how much money would be created in new loans from all banks after this bank gets a deposit of $15,000?
  1. $60,000
  2. $10,000
  3. $20,000
  4. $30,000
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50. A country’s national economy has shown an 8% growth over the past 4 years. Before that, the economy moved from recession to stagnation over a period of 10 years. What is this economic fluctuation referred to?
  1. Business cycle
  2. Economic forecast
  3. Growth cycle
  4. Stagnation cycle
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