Multiple-choice questions to accompany
MACROECONOMIC ESSENTIALSFOR MEDIA INTERPRETATION
(MIT Press, second edition, 2000)
Copyright 2000 by Peter E. KennedyThis set of multiple-choice questions has been prepared for instructors wishing a bank of such questions for examination purposes, and for students who find studying from suchquestions to be an efficient way of learning. There are three generic types of questions.First in each chapter category below, and most numerous, are questions based on shortnews clips, reflecting the unique flavor of Macroeconomic Essentials for MediaInterpretation. It is because this text's focus on the interpretation of news commentary isso different from traditional texts that it was felt necessary to provide this set of multiple-choice questions. These questions are based almost exclusively on clips found in the textas examples or as end-of-chapter questions, and so students who have worked through thetext should be familiar with them.Second are questions providing numerical examples to be worked out. These questionsare unlike traditional economics numerical multiple-choice questions, and so also reflecta unique character of the text. Again, almost all of these questions are similar tonumerical questions found as end-of-chapter exercises in the text and so students whohave worked through the text should be familiar with them.Third are much smaller numbers of traditional multiple-choice questions, included forcompleteness.As with all multiple-choice questions, the intent is that the best of the possible answersshould be chosen. An asterisk beside a question indicates that that question introducesnew terminology or is more difficult.This document is about 112 pages in length, and contains over 770 multiple-choicequestions, an average of 45 questions per chapter. Although I have tried hard to removeambiguities and errors, some such may remain, for which I apologize and accept fullresponsibility. Suggested corrections, sent to email@example.com, would be appreciated.
Chapter 2: Measuring GDP and the Price Level