2/10/2019 Quiz 001

Question 1 A recession that is major both in scale and duration.

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a. None of the choices

b. Depression

c. Deflation

d. Deterioration

Question 2 Quantity of goods and services that can be purchased with a given amount of money.
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a. Purchasing Power
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b. Producer Price Index

c. Price Stability
d. None of the above

Question 3 Percentage of Change = ending value- starting value /starting value x 100.
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True

False

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2/10/2019 Quiz 001
Question 4 __________ a variable that depends on the value of the independent variable(s) can be seen in the left side of the equation.
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a. Dependent variable
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b. Independent variable

c. None of the above

d. Y

Question 5 __________ is also referred to as a direct relationship. As the value of X increases, the value of Y increases.
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a. Neutral
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b. None of the choices

c. Positive
d. Negative

Question 6 The point where the curve crosses the vertical axis is referred as ____________.
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a. None of the above

b. Intercept

c. Inverse
d. Direct

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Question 7 The test of a proposition or theory using actual observations or numbers is
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a. Empirical Study

b. Scientific Study

c. Comparative Study
d. None of the choices

Question 8 Macroeconomics is analysis of the behavior of an economy as a nation.

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True
False

Question 9 Consumer Price Index (CPI) includes

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a. Exports
b. The prices received for the output of domestic industries.

c. Domestic producers of commodities

d. Imports

Question 10 One of the Macroeconomic objectives is to develop better laws and government policies to maximize welfare of the society.
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True
False

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