Macroeconomics questions.
Find Macroeconomics university examination questions in acaproso.com
| # | Question |
|---|---|
| 1 | Describe briefly the main difference between Nominal and real GDP. Short answers |
| 2 | Explain how you can compute real GDP from nominal GDP. Short answers |
| 3 | Describe briefly the three approaches for measuring GDP. Short answers |
| 4 | According to Okun`s law there is no relationship between GDP and unemployment True OR False |
| 5 | Real GDP is not influenced by the production function. True OR False |
| 6 | A high marginal propensity to consume (MPC) reduces the effectiveness of public (government) spending as a tool for influencing output in a given economy. True OR False |
| 7 | The government spending multiplier depends on the MPC. True OR False |
| 8 | A contractionary monetary policy decreases the interest rate and hence decreases the output in the short run. True OR False |
| 9 | A decrease in government spending (G) shifts the LM curve to the right. True OR False |
| 10 | A decrease in monetary supply(M) shifts the IS curve to the left. True OR False |
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