[TOPIC 1:INTRODUCTION TO MACROECONOMICS] DECEMBER 22, 2020
Question 1
Explain what are the macroeconomic objectives from conventional and Islamic
perspectives?
Question 2
For each of the following, list whether the topic is microeconomic or macroeconomic in
nature:
(a.) The price of gasoline.
(b.) The national unemployment rate.
(c.)
The quantity of new cars sold each year.
(d.) The wage rate paid to steel workers.
(e.) The amount of national output in an economy.
Question 3
Who is the founder of macroeconomics?
Question 4
Explains the macroeconomics roles of government today.
Question 5
List the four criteria that are generally used to evaluate economic outcomes.
Question 6
What are resources? Describe two different types of resources.
Question 7
With the aid of a diagram, explain the aggregate demand and aggregate supply
Question 8
“Government cut the tax rate and increases the expenditure.”Explain this statement with
regard to government policies.
Question 9
Is Malaysia practices open or closed economy? Explain
Question 10
What is macroeconomics equilibrium?
MACROECONOMICS
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