RLE 85 Chap 3 Midterm Prep

Front

A market change in a consistent direction over a period of time is referred to as an economic

Back

trend.

Front

All of the following are components of GDP EXCEPT: net exports, investment spending, government spending, medical care spending.

Back

medical care spending.

Front

In a business cycle, the period between two peaks is referred to as

Back

a duration.

Front

Economic indicators that reflect the present state of an economy are referred to as which of the following?

Back

Coincident

Front

The consumer price index (CPI) is a statistical measure of the average change in the prices paid by consumers for

Back

a fixed market basket of goods and services.

Front

The performance of how many companies are measured by the Dow-Jones Industrial Average?

Back

30

Front

The term service refers to material things that are perceived to have monetary or

Back

exchange value.

Front

The housing starts figures are published by the _____ and include structures being built for rent and condominium developments.

Back

federal government

Front

In February, a department store manager orders large quantities of fall clothing in children’s sizes, as well as notebooks, pads of paper, and packages of pens, all for delivery in August. The manager is anticipating what kind of economic fluctuation?

Back

Periodic

Front

Which of the following is the ideal state of a healthy economy? Recovery, Boom, Inflation, Prosperity

Back

Prosperity