1. Introduction to Macroeconomics

Economic growth is best measured by a sustained increase in which of the following?

If the USSR's economy had remained agriculture-based rather than industrialized, then which of the following outcomes would have been most likely?

Which of the following best describes a key difference between the economy of Cuba and the economy of North Korea?

Which of the following is most likely to occur as a result of a decrease in the money supply in an economy?

When government intervention causes a currency to lose all its value and become worthless, this condition is called:

When the central bank lowers the reserve requirement on deposits, which of the following is most likely to occur?

When inflation begins to climb to unacceptable levels in the economy, the government should:

Why do business cycle fluctuations typically arise in an economy?

Which of the following contributed to the unstable economic conditions after the war?

Which of the following events would most likely cause interest rates to increase?

Which of the following best describes the main difference between Lenin's New Economic Policy (NEP) and Stalin's command economy?

Aggregate output is the primary measure of the economy's:

Which of the following is the basic economic policy function of the Federal Reserve Banks?

In the context of the global economy, which of the following best describes the concept of comparative advantage?

Which of the following would shift the long-run aggregate supply (LRAS) curve but not the short-run aggregate supply (SRAS) curve?