schools.paulding.k12.ga.usischooldistrictmediaf by yurtgc548

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Choose a category and your
  extensive knowledge of
economics will be let loose.
                                    FED RES
  CPI       BUS CYCLE REVIEW                                UNEMPLOY
                                     FISCAL      Other
  GDP        Inflation PREVIOUS                               MENT
                                    POLICY


10 Point     10 Point   10 Point    10 Point    10 Point     10 Point


20 Points   20 Points   20 Points   20 Points   20 Points   20 Points


30 Points   30 Points   30 Points   30 Points   30 Points   30 Points


40 Points   40 Points   40 Points   40 Points   40 Points   40 Points


50 Points   50 Points   50 Points   50 Points   50 Points   50 Points
What is included in the
  investment part of
       the GDP?

a. All new toys made in the US
b. All body massages given in the US
c. All capital new capital goods made in
   the US plus houses.
d. Chinese goods made in the US
  Since the total demand for all
  goods and services is the GDP,
       this would equal the
a. Aggregate Supply
b. Aggregate Demand
c. Consumer Price Index
d. Price level
    What section
contributes the most
     to the GDP?
a. Consumer goods
b. Investments
c. Government goods
d. Net Exports
  What is not counted in the
             GDP?


a. All new toys made in the US.
b. All hair cuts given in the US.
c. Japanese cars make in the US
d. all new goods made by US
  companies.
   Changes in cost to include
    inflation and deflation are
         measured by the
a. Business cycle
b. GDP
c. CPI
d. Open market Operations
          Stagflation is?
a. Inflation
b. deflation
c. inflation and high
  unemployment
d. deflation and high
  unemployment
   A general increase in prices is
              known as?

a. Inflation
b.Deflation
c. Stagflation
d.Rrecession
 Who is hurt by unanticipated
           inflation?


a. Those who loan money
b. Those who borrow money
c. Retirees with a COLA
d. Working people
 Push inflation is caused by?

a. workers
b. government
c. consumers
d. producers
      Pull inflation is caused by?


a.   workers
b.   government
c.   consumers
d.   producers
       A regressive tax is a tax on?


a. the rich
b. the poor
c. corporations
d. retired people
       A progressive tax is a tax on?


a.   the rich
b.   the poor
c.   corporations
d.   retired people
      Money should be all the below except



a.   durable
b.   portable
c.   easily available
d.   Easily divisible
The law of demand states that for most
     products, as the price increases,
               consumers


a. demand fewer products
b. demand more products
c. demand more complementary goods
d. demand less substitute goods
An increase in price of jelly results in a
  decrease in the demand for peanut butter.
  The two products are?


a.   Elastic
b.   Inelastic
c.   Substitutes
d.   Complimentary
The #1 tool of Monetary policy to control the
               money supply is?

a.   Reserve requirement
b.   Discount rate
c.   Federal funds rate
d.   Open Market Operations
When the government spends more
 that in takes in during a one year
             period it is

a.   the national debt
b.   a surplus
c.   balanced budget
d.   a deficit
     Easy money refers to?

a.   Expanding the economy
b.   Tightening up on the economy
c.   Higher interest rates
d.   Higher taxes
 The Federal Reserve’s action are
          referred to as?


A. Fiscal policy
B. Monetary policy
C. Government policy
D. Financial policy
      Actions take by the President and
      Congress to expand or contract the
          economy are referred to as?

a.   Fiscal policy
b.   Monetary policy
c.   Domestic policy
d.   Financial policy
What is the largest sector of the
Macro economy (GDP)?

a.   consumers
b.   investment (Business)
c.   government
d.   net exports
El Pollo Loco just closed one of its
   stores in Hiram, now 24 people
  have become unemployed. What
     type of unemployment is it?
a. frictional
b. structural
c. cyclical
d. seasonal
  What is not part of the Federal
              Reserve?
a. Treasury
b. Member banks
c. Board of Governors
d. Federal Open Market Committee
      Insulin, The price makes no
      difference in the demand for
               Insulin. It is
a. elastic
b. inelastic
c. unit elastic
d. unit inelastic
When you lose your job because your
 big mouth got you in trouble. What
      type of unemployment?
a. structural
b. seasonal
c. cyclical
d. frictional
What type of unemployment is it
    when you loose your job
     because of technology?


a.   structural
b.   seasonal
c.   cyclical
d.   frictional
           A recession is?


a.   Decreasing GDP for 6 + months
b.   Increasing GDP for 6 + months
c.   Decreasing GDP
d.   Increasing GDP
 To fight inflation the government
             should use?


a.   Lose money policy
b.   Tight money policy
c.   Increase spending
d.   Decrease taxes

								
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