Unit IV Macro Quiz

A contractionary Monetary Policy

A Contractionary supply shock most likely results in

The AS curve shifts rightward if

Which of the following events most likely increases real GDP

Who would Bernie sanders most likely appoint as his Chief Economic Advisor?

Open Market Operations refer to:

Which of the following is an accurate statement of the money supply in the U.S?

In the United States monetary policy is the responsibility of the :

Maximum Deposit Expansion Multiplier

What is the most likely to affect economic growth negatively

In the long run, aggregate supply is

If the CPI rises by 2% & your nominal income rises by 8%, your real income has

Which function of money best defines $1.25 as the price of a 20 oz. bottle of pop?

When economists say that money serves as a medium of exchange, they mean that it is:

A RR of 50% would translate to a money multiplier of:

Stagflation is the result of:

How do banks create money?

Which of the following is not a scarce economic resource

If the Fed sold gov't bonds in the OMO, we would anticipate:

A reserve requirement of 10% means a bank must have $1,000 of RR if its checkable deposits are:

If average consumer income rises & we observe that the demand for pork increases, pork must be

to fight inflation the Fed might consider

The tax multiplier increases in magnitude when:

Which of the following is not a way that the Fed can affect the money supply?

Which of the following is a tool of monetary policy

The best example of a negative supply shock to the economy would be

The spending multiplier is often smaller than predicted because of

To fight a recession the Fed might consider

Which of the following is included in the calculation of GDP

Which of the following is included in the U.S GDP?

If you place a part of your summer earnings in a savings account, you are using money as a:

Excess reserves in the banking system will increase if

Money functions as:

One of the strengths of monetary policy relative to fiscal policy is that monetary policy

the discount rate is the interest:

The fractional reserve banking system's ability to create money is lessened if

If $1000 is deposited into a checking account & excess reserves rises by $700, the RR must be

Which of the following is a tool used by the Fed to increase the money supply

Money multiplier formula

a RR of 20% would translate to a money multiplier of

The biggest deterrent from a bank panic is?

if the RR is 10% & a new customer deposits $500, what is the maximum amount of money created

When the price of pears increases, we expect the following:

Which of the following is an example of an expansionary supply shock?

Which of the following would likely slow a nation's economic growth

If the government collects more money in net taxes than it spends, there would be

Excess reserves refer to

Purchasing common stock by writing a check best exemplifies money serving as a:

The three main tools of monetary policy are

Largest component of M1 is

The Federal reserve is considered quasi-public because

When economists say that money serves as a store of value, they mean that it is:

A Keynesian economist believes that

Which of the following is likely to shift the long run AS curve to the right

other things equal, an excessive increase in the money supply will:

Fiat currency:

An increase in the consumer price index is commonly referred to as

Which of the following lessens the impact of expansionary fiscal policy

Cash in people's pockets and wallets are:

Current Chair of the Federal reserve