1. Introduction to Macroeconomics

Which term describes the period when an economy begins to shrink?

Which one of the following is NOT true when the economy is in macroeconomic equilibrium?

Which economic trend occurred during President Eisenhower's administration?

Why was Germany particularly susceptible to a downturn in the economy during the early 20th century?

After a financial crisis hits the country of Barbaria, which of the following is most likely to occur in the short run?

Which statement best describes the state of the U.S. economy when President Obama took office in January 2009?

Which of the following best explains how the U.S. economy creates and destroys millions of jobs each year?

When the US dollar becomes weaker, which of the following is true?

Which discipline studies the economy as a whole or its basic subdivisions or aggregates?

Which of the following decreases aggregate demand and shifts the AD curve leftward?

A recession has traditionally been defined as a period during which:

According to the data above, in which year was real Gross Domestic Product (GDP) the largest?

A decrease in government spending will cause a(n):

Which of the following topics would most likely be studied in macroeconomics?

A contractionary monetary policy combined with an expansionary fiscal policy will most likely result in which of the following outcomes?