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The emoji equation
A short quiz related to the
Emoji Equation
Β video.
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Which of these is NOT equal to the others
1 point
Total spending
Real income growth
Nominal GDP
Aggregate demand
Clear selection
Which is NOT a good explanation for 'V'?
1 point
General confidence
The velocity of circulation
People's desire to spend money
People's demand to hold money
Clear selection
Match the economic variable to the emoji
8 points
π
π’οΈ
πΈ
π‘
π°
π
π·οΈ
Inflation
Real GDP
Nominal GDP
Money growth
Desire to spend money
Unemployment
Productivity
π
π’οΈ
πΈ
π‘
π°
π
π·οΈ
Inflation
Real GDP
Nominal GDP
Money growth
Desire to spend money
Unemployment
Productivity
Clear selection
Which statements are true?
2 points
An increase in AD put upward pressure on inflation
An increase in AD increases productivity
An increase in AD can increase real growth in the short run
An increase in AD will reduce inflation
Clear selection
Which of the following is an example of monetary policy?
2 points
Direct government spending on infrastructure
Reductions in marginal tax rates
Public investment in nuclear power stations
Quantitative easing
Clear selection
Match the type of policy to the example
4 points
Monetary policy
Fiscal policy
Changing interest rates
Changes to taxation
Changes to government spending
Quantitative easing
Monetary policy
Fiscal policy
Changing interest rates
Changes to taxation
Changes to government spending
Quantitative easing
Clear selection
Which of the following are the best examples of AD management?
2 points
Monetary policy
Fiscal policy
Structural policy
What is the definition of Y*?
2 points
Real GDP growth
Nominal GDP growth
Potential GDP growth
Sustainable GDP growth
Clear selection
Which statement about the business cycles shown in the lecture is true?
2 points
Monetarists and Keynesians both emphasise supply side problems
Real business cycle theorists blame changes in the money supply
Keynesians and Real business cycle theorists think psychological factors (such as confidence) is very important
Monetarists and Keynesians agree that volatile aggregate demand is highly problematic
Clear selection
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