Macro Economics Vocabulary
Quiz
•
Social Studies
•
12th Grade
•
Hard
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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