Circular Economy & Macro Quiz

Froggy Jumps

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Quick econ check

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Mayumi

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Circular Economy & Macro Quiz


Froggy Jumps Circular Economy & Macro QuizVersión en línea Quick econ check por Mayumi 1 In the circular flow, who supplies the factors of production to firms? a Government b Businesses c Households 2 Which is a primary responsibility of households and firms to the government? a Paying taxes to fund public services b Providing subsidies to rivals c Setting interest rates 3 What role does the financial market play in the circular flow? a Exports goods internationally b Sets government budgets c Receives savings and lends investments 4 GDP is best described as the total what within a country? a Total tax revenue b Production of goods and services c Total population 5 Cost-push inflation is mainly caused by a Lower money supply b Increased consumer demand only c Higher production costs shifting prices up 6 Demand-pull inflation occurs when a Prices collapse b Money supply shrinks c Aggregate demand rises faster than supply 7 Expansionary monetary policy typically a Reduces money supply b Raises reserve requirements c Increases money supply and lowers interest rates 8 Which action best describes fiscal expansion during a recession? a Decrease spending and raise taxes b Do nothing and wait c Increase government spending and cutting taxes 9 Capital outlays in the national budget refer to a Purchases of long-term assets like equipment or land b Salaries for teachers and nurses c Daily operating expenses 10 SAP during COVID-19 is an example of which policy? a Tax rebates only b Expansionary fiscal policy c Contractionary monetary policy

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Circular Economy & Macro Quiz

Froggy Jumps

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Circular Economy & Macro QuizVersión en línea

por Mayumi

In the circular flow, who supplies the factors of production to firms?

Which is a primary responsibility of households and firms to the government?

What role does the financial market play in the circular flow?

GDP is best described as the total what within a country?

Cost-push inflation is mainly caused by

Demand-pull inflation occurs when

Expansionary monetary policy typically

Which action best describes fiscal expansion during a recession?

Capital outlays in the national budget refer to

SAP during COVID-19 is an example of which policy?