1. Introduction to Macroeconomics

Which statement best describes the United States' GDP compared to the rest of the world?

Which of the following best explains the difference between GDP (Gross Domestic Product) and GPI (Genuine Progress Indicator)?

Which statement is NOT true of full-employment output (y*)?

Which of the following is one effect of economic globalization in the twentieth century?

To help encourage economic growth, a country can:

An increase in nominal GDP will:

Which of the following is a common argument made by opponents of active stabilization policy in macroeconomics?

What is one reason government intervention proved necessary during the Great Depression?

Which of the following would cause both prices and real GDP to rise in the short run?

Which of the following would be considered a topic of study in macroeconomics?

Increased spending on which of the following contributes most to long-term economic growth?

Typically, high inflation is a sign of which of the following economic conditions?

At which point on a country's production possibilities frontier (PPF) is its future growth rate likely to be the highest, and why?

Since the passage of NAFTA in 1993, which of the following economic events has occurred among the member nations?

Which factor was primarily responsible for the German hyperinflation of the early 1920s and the inflation following the American Revolution?