What do Dynamic, Stochastic, and General Equilibrium (DSGE) models account for?

• A) Only productivity shocks.
• B) Fixed prices.
• C) Multiple economic shocks.
• D) Constant growth.

According to the Real Business Cycle theory, which factor can cause economic fluctuations?

• A) Trade policies.
• B) Money supply.
• C) Exchange rates.
• D) Production methods.

The endogenous growth model proposes that the overall quantity saved depends upon the:

• A) Investment.
• B) Consumption.
• C) Production.
• D) Savings.

The aggregate demand curve changes leftward if consumers become pessimistic about the present or the future, which results in less;

• A) Saving.
• B) Consumption.
• C) Income.
• D) Investment.

Classical economics holds that changes in the production level at which full employment is achieved are primarily caused by the shocks from;

• A) Output.
• B) Aggregate demand.
• C) Aggregate consumption.
• D) Aggregate supply.

In the Real Business Cycle (RBC) theory, which of the following is the primary driver of economic booms and recessions?

• A) Interest rates.
• B) Trade deficits.
• C) Government spending.
• D) Productivity shocks.

The equilibrium of the money market will imply overall:

• A) Labor market equilibrium.
• B) Asset market equilibrium.
• C) Capital market equilibrium.
• D) Goods market equilibrium.

Which factor primarily determines the slope of the LM curve?

• A) Aggregate demand.
• B) Real income and interest rates.
• C) Taxes.
• D) Real wages.

What key factor does the LM curve incorporate to achieve equilibrium in the money market?

• A) Consumption.
• B) Government spending.
• C) Real interest rates.
• D) Tax rates.

The influence of asset markets on the economy, including investment, consumption, financial stability, and overall performance, makes them an important component of the:

• A) Development studies.
• B) Business studies.
• C) Microeconomic Studies.
• D) Macroeconomic Studies.

Which of the following would lead to a leftward shift in the AD curve?

• A) An increase in business investment.
• B) A decrease in interest rates.
• C) A decrease in government spending.
• D) An increase in consumer wealth.

Under the Keynesian IS-LM framework, what prevents the economy from reaching full employment equilibrium automatically?

• A) Perfect competition in labor markets.
• B) Constant fiscal policy.
• C) Sticky wages and prices.
• D) Automatic monetary policy responses.

As you learned in your basic macroeconomics course, money has three core functions: medium of exchange, unit of account, and:

• A) Liability.
• B) Loanable asset.
• C) Unit of investment.
• D) Store of value.

Vocational information:

• A) Avoid career planning
• B) Skip education
• C) Focus only on hobbies
• D) useful data about jobs

Tolerance is willingness to accept:

• A) Feelings
• B) Punishments
• C) Mistake
• D) Rules

Personal–Social opportunities mean:

• A) Passive learning through lectures
• B) Memorization of facts
• C) Strict classroom discipline
• D) Skill awareness

Personal-social counselling service includes guidance about:

• A) Social skills, manners and leisure
• B) Only academic knowledge
• C) Ignoring family relationships
• D) Skipping personal grooming

Holding high expectations from students means:

• A) Ignoring their weaknesses
• B) Expecting great accomplishments
• C) Avoiding challenges to reduce pressure
• D) Only focusing on strong students

In appraisal service, teacher:

• A) Voids giving any feedback
• B) Focuses only on completing the syllabus
• C) Ignores students’ strengths and weaknesses
• D) Use variety of objective

Which misconception hinders counselling in schools, like it deals with:

• A) Only students with disabilities
• B) Academic tutoring or extra coaching
• C) Severe psychological problems
• D) Disciplinary punishment and control