Principles of Macroeconomics
The following sample questions do not appear on an actual CLEP examination. They are intended to give potential test-takers an indication of the format and difficulty level of the examination and provide content for practice and review. For more sample questions and information about the test, see the CLEP Official Study Guide.
Question 5 of 8
An economy is facing moderate output growth but significantly high inflation rates. The Federal Reserve can undertake which of the following policy actions to address the problem?
A.
Decreasing the income tax rate
B.
Decreasing the federal funds rate
C.
Decreasing the money supply
D.
Decreasing the required reserve ratio
E.
Buying bonds on the open market
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CLEP® Principles of Macroeconomics Examination Guide
The Principles of Macroeconomics exam covers aggregate demand and aggregate supply, and monetary and fiscal policy tools.
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