Macroeconomics Test

Front

Unemployment caused by workers changing jobs

Back

Frictional unemployment

Front

Unemployment caused by a fundamental change in the economy

Back

Structural unemployment

Front

A rise in the general level of prices

Back

Inflation

Front

The spending and taxation decisions by the federal government

Back

Fiscal policy

Front

Amazon spent $700 million dollars in 2019 buying 100,000 new electric delivery trucks. To which part of the GDP equation does this belong?

Back

Investment spending

Front

The U.S. Navy spent over $1 billion purchasing new helicopters. To what part of the GDP equation does this belong?

Back

Government spending

Front

Antonia worked at the Ford automobile factory in Chicago, but she was recently laid off due to a recession. Which type of unemployment is this?

Back

Cyclical unemployment

Front

If Congress and the President implement expansionary fiscal policy, what will happen to government spending?

Back

Increase

Front

If Congress and the President implement contractionary fiscal policy, what will happen to taxation?

Back

Increase

Front

Cars, TVs, computers belong in which part of the GDP formula?
GDP = C+I+G+(Ex-Im)

Back

Consumption Expenditures