What is the primary focus of the macroeconomic perspective?

Macroeconomic Flashcard

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Elliott London
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1.
FLASHCARD QUESTION
Front
Back
Overall aspects of a national economy
2.
FLASHCARD QUESTION
Front
Which of the following is NOT one of the major goals of a national economy? Options: Stable prices, Low unemployment, High inflation, Economic growth
Back
High inflation
3.
FLASHCARD QUESTION
Front
What does GDP stand for?
Back
Gross Domestic Product
4.
FLASHCARD QUESTION
Front
Which statistic indicates the percentage of the labor force that is unemployed?
Back
Unemployment Rate
5.
FLASHCARD QUESTION
Front
What economic challenge was highlighted as a significant issue in the United States?
Back
High personal and national debt
6.
FLASHCARD QUESTION
Front
In January 2010, how many jobs did employment decline by?
Back
800,000
7.
FLASHCARD QUESTION
Front
What is the ideal unemployment rate for a country?
Back
4%
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