Macro Economics Vocabulary

Macro Economics Vocabulary

12th Grade

15 Qs

quiz-placeholder

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Macro Economics Vocabulary

Macro Economics Vocabulary

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Government or other central authority makes all economic decisions

Mixed Economies

Traditional Economies

Market Economies

Command Economies

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"The Fed" refers to the....

Federal Bureau of Investigation

Federal Government

Federal Reserve System

Federal Income Tax

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens to the money circulation, when the FED orders a tight money policy?

more money is put out into circulation

less money is put into circulation

circulation stays the same

interest rates rise

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does Inflation do to the value of money?

Makes it go up.

Makes it go down.

Makes it stay the same.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Represents how goods, services, and money move through our economy.

Circular Flow Diagram

Supply Curve

Demand Curve

Supply and Demand Curve

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The arena of exchange in which firms purchase the factors of production from households.

Product Market

Factor Market

Price Floor

Circular Flow

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A maximum price consumers are required to pay for a good or service.

Price Ceiling

Equilibrium

Market Clearing Price

Price Floor

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