19 Chapters
TEST-BANK for
Macroeconomics: Principles, Applications and Tools
7th Edition
Author(s): O'Sullivan, Sheffrin, Perez
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Sample Questions
  • The value of all final goods and services produced during a given time period measures a nation's
  • Macroeconomics differs from microeconomics in that
  • The circular flow is used to make the point that
  • The ________ specializes in making long-term loans for capital investment projects that do not have ...
  • Which of the following tools does the Fed use to pursue its objectives? A) It influences ...
  • Suppose that a price index in Latvia was 120 in 2015 and 150 in 2016. The inflation rate between ...
  • Explain what the IP curve is and why it is upward sloping. What will be an ideal ...
  • A ________ occurs when a country's exports exceed its imports. A) trade surplus B) budget surplus ...
  • Capital stock will increase as long as A) gross investment exceeds depreciation. B) capital ...
  • The sacrifices made by societies in order to engage in military spending represent A) the real ...
  • Which of the following is an example of government discretionary spending? A) defense spending ...
  • Which of the following groups of people is included in the labor force of a country? A) Part-time ...
  • Different people eat different amounts of food when they go to buffet restaurants, even though they ...
  • Suppose that a price index in Paraguay was 131 in 2015 and 152 in 2016. The inflation rate between ...
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