1. Introduction to Macroeconomics

Which of the following would likely be studied by a macroeconomist rather than a microeconomist?

Why is currency typically issued only by the national government in most countries?

Which of the following would lead to a slowdown in economic growth?

Which of the following is an example of a built-in stabilizer in the economy?

Which of the following best describes the effect of a war fought on home soil on a country's long-run aggregate supply (LRAS)?

There would be no separation between one country's economy and another's if the entire world:

The aim of the study of macroeconomics is to examine:

Which of the following is an example of a macroeconomic question?

During which time period did economies begin to develop globally?

Monetary policy affects the economy with a long lag, in part because:

Which of the following best describes a key principle of Keynesian economics?

Why does investment typically decline during periods of hyperinflation?

How can Venezuela's economic system best be described during Hugo Chavez's years as president?

How did General MacArthur's economic policies during the U.S. occupation influence Japan's economy in the decades following World War II?

Compared to other recessions since World War II, which of the following characteristics best describes the Great Recession of 2007–2009?