1. What economic theories claim that the market is capable of self-regulation when

deviations occur?

a) Keynesian theory

b) Monetary theory

c) Classical theory

d) Proposition theory

2. What are the correct statements regarding the business cycle?

a) Top is the lowest point of business activity

b) The business cycle does not exceed 10 years

c) In the recession phase, purchases of consumer goods do not decrease

d) All statements are incorrect.

3. What is not procyclical indicator?

a) Capacity utilization

b) Money offer

c) Profit of enterprises

d) Unemployment rate

4. Deflation is ...

a) Lower overall price levels in the economy

b) Slowdown

c) National currency depreciation

d) Decreased purchasing power of money

5. In the 1 year following the base, prices rose by 20%. In year 2, prices fell by

20% compared to year 1. Price Index for 2 years ...

a) is equal to 100

b) equal to 104

c) is 96

d) Unable to determine

6. Liquidity is:

a) the amount of gold or silver contained in the monetary unit;

b) the ability of money to act as a form of storage of wealth;

c) the ability of assets to be converted into cash without loss of value;

d) the totality of accumulated funds owned by business entities.

7. If the required reserves ratio is 100%, then the value of the bank multiplier is:

a) 0;

b) 1;

c) 10;

d) 100.

8. In modern macroeconomics, "demand for money" means:

a) the desire of economic entities to have a certain cash income;

b) the amount of money that economic entities wish to borrow;

c) the desire of economic entities to have a stock;

d) the desire of economic entities to keep part of their assets in liquid form.

9. Money performs the function of medium of exchange in the following case:

a) the buyer pays for the purchase at the cash desk of the store;

b) the client opens a deposit account with a bank;

c) a fountain pen costs 10 rubles;

d) payroll.

10. In Keynesian theory, the line of transactional demand for money has the form:

a) a line parallel to the axis 0X;

b) a curve with a positive slope;

c) a curve with a negative slope;

d) a straight line parallel to the axis 0Y.

11. Assume the economy starts in long-run equilibrium. The equation

of the aggregate demand curve was: Y = 2400 - 200. Then, an increase in public

procurement shifted this curve to a position described by the equation: Y = 2500 -

200. Potential GDP is equal to 2000 billion UAH. Show and calculate the short-

run and long-run effects on output and inflation.