Sample Test
Note:In this section, we have carefully selected 25 sample questions to demonstrate, enabling you to test your proficiency and assess your learning outcomes.
1. Which of the following reasons is most likely to cause the shift in aggregate demand shown below:
A. A rise in interest rates.
B. A rise in tax rates.
C. A fall in exchange rates.
D. A fall in exports.
2. Based on the fisher equation MV = PQ, an increase in the money supply is most likely to cause inflation under which combination.
| Change in V | Change in Q | |
| A | (-) 5% | (-) 3% |
| B | (-) 2% | (-) 4% |
| C | (+) 2% | (+) 2% |
| D | (+) 3% | (-) 3% |
3. The inflation target for most countries is based on what percentage?
A. 2%. B. 3%. C. 4%. D. 5%.
4. Data on unemployment is released:
A. Weekly. B. Monthly. C. Quarterly. D. Annually.
5. According to the way in which economists use the word, the bulk of “investment” is done by:
A. Households.
B. Businesses.
C. Asset managers.
D. All of the above.
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