,
,
,
,Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Analyze
10. If macroeconomics looks at the economy as a whole, it focuses on which of the
following?
A. households
B. business firms
C. unemployed people
D. the division of labor
Answer: C
Reference:
Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
11. In the ____________, households work and receive payment from firms.
A. financial investment market
B. financial capital market
C. labor market
D. savings market
Answer: C
Reference:
Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
12. In the ______________, households receive goods and services and pay firms for
them.
A. labor market
B. financial capital market
C. goods and services market
D. savings market
Answer: C
Reference:
This file is copyright 2023, Rice University. All Rights Reserved.
, Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
13. Which of the following best describes a monetary policy tool?
A. interest rates
B. taxes
C. household savings
D. government spending
Answer: A
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Remember
14. Which of the following best describes a fiscal policy tool?
A. government spending
B. bank lending
C. financial capital markets
D. household spending
Answer: A
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Remember
15. The two main tools of macroeconomic policy include monetary policy, and fiscal
policy, which involves __________ spending.
A. business
B. government
C. household
D. capital market
Answer: B
Reference:
Explanation:
This file is copyright 2023, Rice University. All Rights Reserved.
,
,
,Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Analyze
10. If macroeconomics looks at the economy as a whole, it focuses on which of the
following?
A. households
B. business firms
C. unemployed people
D. the division of labor
Answer: C
Reference:
Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
11. In the ____________, households work and receive payment from firms.
A. financial investment market
B. financial capital market
C. labor market
D. savings market
Answer: C
Reference:
Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
12. In the ______________, households receive goods and services and pay firms for
them.
A. labor market
B. financial capital market
C. goods and services market
D. savings market
Answer: C
Reference:
This file is copyright 2023, Rice University. All Rights Reserved.
, Explanation:
Type: Multiple Choice Difficulty: Easy Category: Understand
13. Which of the following best describes a monetary policy tool?
A. interest rates
B. taxes
C. household savings
D. government spending
Answer: A
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Remember
14. Which of the following best describes a fiscal policy tool?
A. government spending
B. bank lending
C. financial capital markets
D. household spending
Answer: A
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Remember
15. The two main tools of macroeconomic policy include monetary policy, and fiscal
policy, which involves __________ spending.
A. business
B. government
C. household
D. capital market
Answer: B
Reference:
Explanation:
This file is copyright 2023, Rice University. All Rights Reserved.
