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1、Name:__________________________Date:_____________1.Macroeconomicsdoesnottrytoanswerthequestionof:A)whydosomecountriesexperiencerapidgrowth.B)whatistherateofreturnoneducation.C)whydosomecountrieshavehighratesofinflation.D

2、)whatcausesrecessionsdepressions.2.Atypicaltrendduringarecessionisthat:A)theunemploymentratefalls.B)thepopularityoftheincumbentpresidentrises.C)incomesfall.D)theinflationraterises.3.Macroeconomicsisthestudyofthe:A)activi

3、tiesofindividualunitsoftheeconomy.B)decisionmakingbyhouseholdsfirms.C)economyasawhole.D)interactionoffirmshouseholdsinthemarketplace.4.Thestudyoftheeconomyasawholeiscalled:A)householdeconomics.B)businesseconomics.C)micro

4、economics.D)macroeconomics.5.Macroeconomistscannotconductcontrolledexperimentssuchastestingvarioustaxexpenditurepoliciesbecause:A)itisagainstthelaw.B)theytrieditonceitdidnotwk.C)theymustmakeuseofthedatahistygivesthem.D)e

5、conomistsalreadyknowtheanswersthatwouldcomeoutoftheexperiments.12.Theinflationrateisameasureofhowfast:A)thetotalincomeoftheeconomyisgrowing.B)unemploymentintheeconomyisincreasing.C)thegenerallevelofpricesintheeconomyisri

6、sing.D)thenumberofjobsintheeconomyisexping.13.RealGDP______overtimethegrowthrateofrealGDP______.A)growsfluctuatesB)issteadyissteadyC)growsissteadyD)issteadyfluctuates14.TwostrikingfeaturesofagraphofU.S.realGDPpercapitaov

7、erthetwentiethcenturyarethe:A)overallupwardtrendinterruptedbyalargedownturnduetotheeconomicdepressioninthe1930s.B)nearlyconstantlevelwithalargedownturninthe1930s.C)downwardtrendinthefirsthalfofthecenturyfollowedbytheupwa

8、rdtrendinthesecondhalf.D)constantlevelinthefirsthalfofthecenturyfollowedbytheupwardtrendinthesecondhalf.15.IntheU.S.economytodayrealGDPperpersoncomparedwithitslevelin1900isabout:A)50percenthigher.B)twiceashigh.C)threetim

9、esashigh.D)eighttimesashigh.16.RecessionsareperiodswhenrealGDP:A)increasesslowly.B)increasesrapidly.C)decreasesmildly.D)decreasesseverely.17.ComparedwitharecessionrealGDPduringadepression:A)increasesmerapidly.B)increases

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