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    Guc 57 56 21578 2022-06-21T23 26 05

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    Mariam Mhamoud
    This document appears to be a quiz for a macroeconomics course, containing multiple choice and problem questions about topics like the quits rate, inflationary gaps, government borrowing and crowding out, and unemployment. Students are asked to solve MCQs and sketch a diagram showing the effects of a negative demand shock on the economy from the long-run equilibrium, stating how the government can respond. The quiz is being administered by Professor Christian Schubert for a macroeconomics class.

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    Guc 57 56 21578 2022-06-21T23 26 05

    Uploaded by

    Mariam Mhamoud
    13 views3 pages
    This document appears to be a quiz for a macroeconomics course, containing multiple choice and problem questions about topics like the quits rate, inflationary gaps, government borrowing and crowding out, and unemployment. Students are asked to solve MCQs and sketch a diagram showing the effects of a negative demand shock on the economy from the long-run equilibrium, stating how the government can respond. The quiz is being administered by Professor Christian Schubert for a macroeconomics class.

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    quiz for macro

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    GUC_57_56_21578_2022-06-21T23_26_05

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    This document appears to be a quiz for a macroeconomics course, containing multiple choice and problem questions about topics like the quits rate, inflationary gaps, government borrowing and crowding out, and unemployment. Students are asked to solve MCQs and sketch a diagram showing the effects of a negative demand shock on the economy from the long-run equilibrium, stating how the government can respond. The quiz is being administered by Professor Christian Schubert for a macroeconomics class.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views3 pages

    Guc 57 56 21578 2022-06-21T23 26 05

    Uploaded by

    Mariam Mhamoud
    This document appears to be a quiz for a macroeconomics course, containing multiple choice and problem questions about topics like the quits rate, inflationary gaps, government borrowing and crowding out, and unemployment. Students are asked to solve MCQs and sketch a diagram showing the effects of a negative demand shock on the economy from the long-run equilibrium, stating how the government can respond. The quiz is being administered by Professor Christian Schubert for a macroeconomics class.

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    Faculty of Management Technology Economics C Department

    Macroeconomics (ECON403) S21 Prof. Christian Schubert

    Quiz Two

    Name: ____________________________________________________________________

    ID: ______________________ Tutorial Number: ______________________

    (I) Solve all of the following MCQs in the below table:

    (1) The quits rate measures the…


    (a) Percentage of people who expect to be unemployed soon
    (b) Percentage of people who leave their job voluntarily
    (c) Percentage of people who quit smoking (per month)
    (d) Non-economic growth
    (e) None of the above

    (2) When, by shifting AD, it succeeds in closing an inflationary gap, government…


    (a) Increases P and reduces Y
    (b) Decreases P and decreases Y
    (c) Leaves P and Y unchanged
    (d) Decreases P and increases Y
    (e) None of the above.

    (3) 1 / 1 – [MPC (1 – t)], that’s…


    (a) Nonsensical, a fantasy expression
    (b) The multiplier in a model without government
    (c) Ricardian equivalence
    (d) The multiplier in a model with taxes
    (e) The Keynesian consumption function

    (4) In 2009/10, the gap between Greece and German government bond yields widened
    dramatically. That signaled…
    (a) That Greece experienced an economic boom
    (b) That Greece was still a beautiful country
    (c) That Germany was in a recessionary gap
    (d) That Greece was losing the trust of international investors/lenders
    (e) None of the above
    Faculty of Management Technology Economics C Department
    Macroeconomics (ECON403) S21 Prof. Christian Schubert

    (5) “By increasing the interest rate, government borrowing crowds out private investment!”
    That claim
    (a) Is correct
    (b) Is wrong
    (c) Is wrong if initially, the economy has underemployed resources
    (d) Is wrong if initially, the economy operates above potential output
    (e) None of the above.

    (6) Unemployment is worse than inflation!” That’s a…


    (a) Positive statement
    (b) Negative statement
    (c) Normative statement
    (d) Nonsense statement
    (e) None of the above

    Question Answer
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    Faculty of Management Technology Economics C Department
    Macroeconomics (ECON403) S21 Prof. Christian Schubert

    (II) Problem Questions

    Assuming a starting point at the long-run equilibrium, what happens if there is a negative
    demand shock? Please sketch this negative demand shock in a fully labelled diagram. State how
    the government can respond to help close this gap.

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