[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-444548-105":59,"doc-detail-444548-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","macroeconomics-practice-test","Macroeconomics Practice Test","","Macroeconomics practice test for a two-hour exam covering Section I multiple-choice questions and Section II three mandatory essay questions. The test includes problems on long-run and short-run effects of monetary and fiscal policy, money supply and interest rates, stagflation and aggregate demand shifts, reserve requirements and open-market operations, comparative advantage through production possibilities and labor-hours tables, circular-flow accounting, GDP components, and automatic stabilizers. Answer sheet is required for selecting the best 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is the exam time divided between the two sections?","Question",{"text":112,"@type":113},"Two hours are allotted: 1 hour and 10 minutes for Section I (multiple-choice questions) and 50 minutes for Section II (three mandatory essay questions).","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What do the directions for Section I require you to do?",{"text":117,"@type":113},"Each question or incomplete statement is followed by five suggested answers; select the best one and fill in the corresponding circle on the answer sheet.",{"name":119,"@type":110,"acceptedAnswer":120},"What topics does the practice test cover in the multiple-choice portion?",{"text":121,"@type":113},"It covers long-run and short-run effects of changes in money supply, monetary and fiscal policy, stagflation and aggregate demand/price level dynamics, reserve requirements and open-market operations, comparative advantage, and GDP components and accounting.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},444548,1790853133,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},962088121634,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","0  \n\n|  | ⑨  \u003Cbr>◎  \u003Cbr>四  \u003Cbr>m  \u003Cbr>四  \u003Cbr>四  \u003Cbr>而  \u003Cbr>m  \u003Cbr>而  \u003Cbr>血  \u003Cbr>m  \u003Cbr>m  \u003Cbr>血  \u003Cbr>⑪  \u003Cbr>MULTIPLE-CHOICE QUESTIONS  \u003Cbr>◎  \u003Cbr>◎  \u003Cbr>回m  \u003Cbr>目  \u003Cbr>四  \u003Cbr>四  \u003Cbr>四  \u003Cbr>血  \u003Cbr>m  \u003Cbr>四  \u003Cbr>血  \u003Cbr>血  \u003Cbr>m  \u003Cbr>血  \u003Cbr>m  \u003Cbr>四  \u003Cbr>m  \u003Cbr>43.  \u003Cbr>④(  \u003Cbr>②  \u003Cbr>②  \u003Cbr>②  \u003Cbr>②  \u003Cbr>四  \u003Cbr>四  \u003Cbr>⑧  \u003Cbr>@  \u003Cbr>@  \u003Cbr>⑨  \u003Cbr>⑨  \u003Cbr>◎  \u003Cbr>◎  \u003Cbr>⑥  \u003Cbr>◎  \u003Cbr>◎  \u003Cbr>四  \u003Cbr>m  \u003Cbr>而  \u003Cbr>而  \u003Cbr>国  \u003Cbr>m  \u003Cbr>m  \u003Cbr>m  \u003Cbr>血  \u003Cbr>m  \u003Cbr>m  \u003Cbr>m  \u003Cbr>而  \u003Cbr>m   | Macroeconomics  \u003Cbr>ANSWER SHEET   |\n| --- | --- | --- |\n\n# MacroeconomicsPractice Test\n\nTwo hours are allotted for this exam:1hour and 10 minutes for Section I,which consistsof multiple-choice questions;and 50 minutes for Section II,which consists of threemandatory essay questions.  \nSECTIONI-MULTIPLE-CHOICE QUESTIONS  \nTime—1 hour and 10 minutesNumber of Questions—60Percent of Total Grade—662/3  \nDIRECTIONS  \nEach of the questions or incomplete statements beginning on page 318 is followed by fivesuggested answers or completions.Select the one that is best in each case and then fill in thecorresponding circle on the answer sheet.  \n1.In the long run an increase in the moneysupply results in  \n(A)a proportional increase in the quantity ofoutput  \n(B)stagflation.  \n(C)an increase in the real rate of interest.  \n(D)an economic expansion.  \n(E)a proportional increase in the price level.  \n2.You buy 100 shares inXYZ Corporation on theIntermet and your broker charges you $29.95.  \n(A)This will increase the investmentcomponent of GDP and therefore overallGDP.  \n(B)This has no effect on GDP.  \n(C)This will increase GDP by$29.95.  \n(D)This will increase GDPby the cost of theshares minus $29.95.  \n(E)This will increase GDP by the cost of theshares plus $29.95.  \nBUTTER  \n3.Given the graph above,the opportunity cost offour additional units of butter as the economymoves from A to B is  \n(A)seven units of butter.  \n(B)30 units of guns.  \n(C)60 units of guns.  \n(D)unobtainable.  \n(E)indeterminant.  \n4.In the short run,contractionary monetary  \npolicy causes aggregate demand to    \n,and the price level to  \noutput to        \nAggregatePriceDemand Output  Level (A)Increase Increase Increase(B)Increase Increase Decrease(C)Decrease Decrease Increase(D)Decrease Decrease Decrease(E)Decrease Increase Increase  \n5.Assume the reserve requirement is fivepercent.If the Fed sells $10 million worthofgovernment securities in an open marketoperation,then the money supply canpotentially  \n(A)increase by $200 million.  \n(B)decrease by$200 million.  \n(C)increase by $50million.  \n(D)decrease by$50 million.  \n(E)increase by$150 million.  \n6.Given the table below,which statement istrue?  \nLabor hours needed to produce a unit of:Country Wine CheeseFrance4080Belgium1560  \n(A)France has the absolute advantage in bothproducts.  \n(B)France should specialize in and exportwine while Belgium should specialize inand export cheese.  \n(C)France has the comparative advantage incheese.  \n(D)France has the absolute advantage incheese.  \n(E)Belgium has the comparative advantagein both products.  \n## 7.At P'in the diagram above\n\n(A)inventories will be unintentionally drawndown,and the price level will fall  \n(B)inventories will be unintentionallyincreased,and the price level will fall.  \n(C)inventories will be unintentionally drawndown,and the price level will rise  \n(D)inventories will be unintentionallyincreased,and the price level will rise.  \n(E)inventories will be unintentionally drawndown,but prices will not be affected.  \n## 8.Suppose taxes are cut in an economy that isin equilibrium at full employment.In the longrun the tax cut will\n\n(A)raise real output and raise the price level.  \n(B)lower real output and raise the price level  \n(C)raise real output and lower the price level  \n(D)lower real output and lower theprice level.  \n(E)raise the price level.  \n9.As a result of automatic stabilizersduring economic expansions governmentexpenditures(A)and taxes fall.(B)and taxes rise.(C)rise and taxes ","cbCaihh8HlWMrDHV","https://ap.wps.com/l/cbCaihh8HlWMrDHV","pdf",1497620,26,"English","# Section I - Multiple-Choice Questions\n## Directions\n## Questions (1-17 shown)","[{\"question\":\"How is the exam time divided between the two sections?\",\"answer\":\"Two hours are allotted: 1 hour and 10 minutes for Section I (multiple-choice questions) and 50 minutes for Section II (three mandatory essay questions).\"},{\"question\":\"What do the directions for Section I require you to do?\",\"answer\":\"Each question or incomplete statement is followed by five suggested answers; select the best one and fill in the corresponding circle on the answer sheet.\"},{\"question\":\"What topics does the practice test cover in the multiple-choice portion?\",\"answer\":\"It covers long-run and short-run effects of changes in money supply, monetary and fiscal policy, stagflation and aggregate demand/price level dynamics, reserve requirements and open-market operations, comparative advantage, and GDP components and accounting.\"}]","Macroeconomics Practice Test | PDF",1790708444,66]