Practice by Topic
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Unit 1: Basic Economic Concepts (60) 0
  • Scarcity 20 0
  • Opportunity cost and the Production Possibilities Curve 10 0
  • Comparative advantage and gains from trade 20 0
  • Supply and demand 10 0
Unit 2: Economic Indicators and the Business Cycle (50) 0
  • The circular flow and GDP 10 0
  • Unemployment 10 0
  • Price indices and inflation 10 0
  • Real vs. nominal GDP 10 0
  • Business cycles 10 0
Unit 3: National Income and Price Determination (40) 0
  • Aggregate demand 10 0
  • Short-run and long-run aggregate supply 10 0
  • Equilibrium and changes in the Aggregate Demand-Aggregate Supply Model 10 0
  • Fiscal policy 10 0
Unit 4: Financial Sector (40) 0
  • Financial assets 10 0
  • Definition; measurement and functions of money 10 0
  • Banking and the expansion of the money supply 10 0
  • Monetary policy 10 0
Unit 5: Long-Run Consequences of Stabilization Policies (50) 0
  • The Phillips Curve 10 0
  • Money growth and inflation 10 0
  • Government deficits and national debt 10 0
  • Crowding out 10 0
  • Economic growth 10 0
Unit 6: Open Economy—International Trade and Finance (50) 0
  • Balance of payments accounts 10 0
  • Exchange rates and the foreign exchange market 10 0
  • Effects of changes in policies and economic conditions on the foreign exchange market 10 0
  • Changes in the foreign exchange market and net exports 10 0
  • Real interest rates and international capital flows 10 0