Macroeconomics Trivia Questions
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Economy-wide phenomena. Play Macroeconomics trivia solo to sharpen your knowledge, or challenge a friend head-to-head in Trivia Tango — every question comes with an explanation so you learn as you play.
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Sample Macroeconomics Questions
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This measure of national output counts everything produced within a country's borders, including by foreign-owned factories, but excludes citizens' earnings abroad.
- Gross Domestic Product
- National Output Index
- Net National Income
- Gross National Product
When the Federal Reserve wants to stimulate borrowing and spending during an economic slowdown, it typically takes this action with interest rates.
- Raises them significantly
- Keeps them frozen by law
- Eliminates them entirely
- Lowers them
A general, sustained increase in prices across the economy that reduces the purchasing power of money over time describes this economic phenomenon.
- Deflation
- Hyperdeflation
- Stagflation
- Inflation
This government approach to managing the economy involves adjusting spending levels and tax rates to influence aggregate demand and economic activity.
- Monetary policy
- Fiscal policy
- Regulatory policy
- Trade policy
The central banking system of the United States, established in 1913 and responsible for setting monetary policy, goes by this name.
- Federal Reserve System
- Federal Deposit Insurance Corporation
- Securities and Exchange Commission
- U.S. Treasury Department
This economic phase is characterized by two consecutive quarters of declining real output, rising unemployment, and reduced consumer spending.
- Depression
- Contraction
- Recession
- Stagnation
Workers who have lost jobs due to technological changes or shifts in consumer demand that make their skills obsolete experience this type of joblessness.
- Cyclical unemployment
- Seasonal unemployment
- Frictional unemployment
- Structural unemployment
When a country imports more goods and services than it exports, creating a negative balance in international transactions, it runs this type of deficit.
- Budget deficit
- Current account surplus
- Capital account deficit
- Trade deficit
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