Macroeconomics

Front

Which of the following is not an economics indicator discussed in class? Options: Presidential Policy, Inflation , Gross Domestic Product, Unemployment

Back

Presidential Policy

Front

Which type of spending does not fall under GDP? Options: Investment, Government, Imports, Consumer

Back

Imports

Front

In the business cycle, growing G.D.P. and inflation are signs of a recession.

Back

False

Front

The general increase in the price of goods and services

Back

Inflation

Front

Someone without a job, but looking

Back

Unemployed

Front

Unemployment caused by lack of skills or demand

Back

Structural Unemployment

Front

Which of these is the BEST definition of GDP? Options: a description of the quality of life in a nation, average value of production of intermediate goods, a collection of all government assets that could earn money, market value of all goods and services produced in a country

Back

market value of all goods and services produced in a country

Front

The federal government uses government spending and tax rates to help control recessions and encourage economic activity. This is called

Back

fiscal policy

Front

The process by which the Federal Reserve controls the supply, availability, and cost of money in order to keep the economy stable is

Back

monetary policy

Front

What is the name of the "central bank" of the United States?

Back

The Federal Reserve