ECO403 Midterm Solved Online Quiz Preparation Spring 2013

ECO403 Macroeconomics Solved Online Quiz For

Midterm Exam Preparation Spring 2013

Q1. of 15 ( Start time: 03:22:55 PM ) Total Marks: 1

If the U.S. real exchange rate increases, then U.S. ---------------- will fall and U.S. --------- ----- will rise.

mports; exports I

Income; imports Exports; income

Exports; imports

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Q2. of 15 ( Start time: 03:23:37 PM ) Total Marks: 1 Demand curves are derived while holding constant:

Income, tastes, and the price of the good

Income and tastes Tastes and the price of other goods Income, tastes, and the price of other goods

sec(s)

Q4. of 15 ( Start time: 03:24:28 PM ) Total Marks: 1

The accumulation of all past annual deficits is known as:

Government debt. Budget deficit. Trade deficit. Budget surplus. sec(s)

Q5. of 15 ( Start time: 03:25:51 PM ) Total Marks: 1

The Golden Rule level of capital accumulation k*gold denotes the steady state with the highest:

Level of consumption per worker. Level of output per worker. Growth rate of consumption per worker. Growth rate of output per worker.

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Q6. of 15 ( Start time: 03:26:47 PM ) Total Marks: 1 Suppose that a country in a steady state implements policies to increase its saving rate. After the new steady state is reached:

Output per worker will grow more rapidly than before. The level of output per worker will be higher than before. The amount of capital per worker will be the same as before. All of the given options.

Q7. of 15 ( Start time: 03:27:03 PM ) Total Marks: 1 During periods of inflation, the official measure of the budget deficit:

Overstates the change in the government's real indebtedness. Understates the change in the government's real indebtedness. Equals the change in the government's real indebtedness. Should equal the expected rate of inflation.

sec(s)

Q8. of 15 ( Start time: 03:28:30 PM ) Total Marks: 1 Resources in an economy:

Are always fixed. Can never decrease. Always increase over time. Are limited at any moment in time.

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Q9. of 15 ( Start time: 03:28:57 PM ) Total Marks: 1 Which of the following is NOT the short run impact of an increase in money supply?

An increase in output level

An increase in price level

An increase in consumption An increase in investment

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Q10. of 15 ( Start time: 03:29:54 PM ) Total Marks: 1 Which of the following is NOT included in M1?

Deposits in checking accounts that pay interest Deposits in checking accounts

Deposits in money market mutual funds

Currency held by the public

sec(s)