Intro to Macroeconomics

Front

Macroeconomists use major indicators such as unemployment, inflation, production, and _______ to evaluate the economy.

Back

Trade

Front

Macroeconomists study the business cycle, economic growth, and economic policy using interest rates and major indicators such as _______.

Back

Unemployment

Front

Fill in the blank: The United States is the ______ largest economy in the world.

Back

1st

Front

What might builders do if housing starts rise?

Back

Become optimistic

Front

Which of the following is a reliable lagging indicator? A) Stock prices, B) Unemployment rate, C) Weather patterns, D) Political speeches

Back

Unemployment rate

Front

Which of the following events can cause economic ripple effects according to the text? Price increases, Political changes, Natural disasters, Technological advancements

Back

Price increases

Front

Lower personal income numbers mean the economy is ______.

Back

struggling

Front

Unemployment is an indicator of the efficiency and effectiveness of an economy to absorb its ________.

Back

labour force

Front

The efficiency and effectiveness of an economy to absorb its labour force is indicated by what?

Back

Unemployment

Front

Consumer Spending reflects the public's ______.

Back

Optimism/pessimism