Economy-wide phenomena. Play Macroeconomics trivia solo to sharpen your knowledge, or challenge a friend head-to-head in Trivia Tango — every question comes with an explanation so you learn as you play. Questions span every level, from easy warm-ups to expert-level stumpers, so there's a real challenge here however much you already know.
A mix of easy, medium and hard — questions run from warm-up to expert, so there's a real challenge at every level. Think you know the answers? Play to find out.
This measure of national output counts everything produced within a country's borders, including by foreign-owned factories, but excludes citizens' earnings abroad.
Difficulty: EasyThis theory suggests that government borrowing won't stimulate the economy because rational consumers save more to pay future taxes needed to repay the debt.
Difficulty: MediumThis puzzle notes that despite capital mobility, national saving and investment rates remain highly correlated, contradicting perfect capital market integration predictions.
Difficulty: HardWhen the Federal Reserve wants to stimulate borrowing and spending during an economic slowdown, it typically takes this action with interest rates.
Difficulty: EasyThe percentage of output that must be sacrificed to reduce the rate of price increases by one percentage point measures this costly trade-off.
Difficulty: MediumThe paradox where the dominant reserve currency issuer faces impossible choices between providing global liquidity and maintaining currency stability bears this economist's name.
Difficulty: HardA general, sustained increase in prices across the economy that reduces the purchasing power of money over time describes this economic phenomenon.
Difficulty: EasyThis investment theory relates the ratio of a firm's market value to the replacement cost of its capital, suggesting investment occurs when this ratio exceeds one.
Difficulty: Medium