Economics Exam 4 Review

Advocates of supply-side economics argue that spending by the federal government _________.

An effective tax is one that exhibits one or more of the following characteristics.

Which of the following is NOT a cause of inflation?

The monthly or quaterly fee for an insurance policy is called the

Which type of tax is levied on the sale of an asset held for 12 months or longer?

Which of the following is an example of federal mandatory spending?

The characteristics of money include all of the following except

A severe economic downturn results in __________.

What conditions stop the economy from growing and turn an expansion into a contraction?

Most successful investors invest __________.

The Federal Reserve is the nation's _____ bank.

Which is a good synonym for the word barter in the term barter economy?

After intergovernmental revenue, the largest source of revenue for local governments is

Which of these describes the Census Bureau's forecast for life expectancy in the United States?

Which is the primary source of revenue for the federal government?

If all production takes place within a country's border, the aggregate supply over one year will be ______.

Which person would NOT be included in the civilian labor force?

The terms proportional, progressive, and regressive refer to

States receive most of their intergovernmental revenue funds from

Why would the sale of a secondhand car NOT be included in a calculation of GDP?

Keynesian economic policies are designed to lower unemployment by ___________.

What does a Lorenz curve of the U.S. economy show?

Supply-siders generally favor ________________.

Which of the following terms describes a strong stock market?

When the general level of prices rises, the economy is experiencing ______.

In the early 1800s, currency in the United States was issued by

Which of these groups is MOST vulnerable to poverty?

Which of the following is a DDA?

How do production costs affect aggregate supply?

Which type of unemployment is natural in a free market economy, where workers have the freedom to change occupations?

Which economic sector is NOT determined by measuring specific sources of income?

Which of these is one of the two biggest reasons for the nation's widening income inequality?

A period of recovery from a recession is known as ______.

A demand-sider is most likely to support what?

The concept of aggregate supply assumes that ________.

For which of these is demand MOST expected to decline by 2050?

A money market investment is based on _______.

Investment analysts recommend people to make investments in ______.

A trend line is ______________.

The risk of ending up with the equivalent of a never-ending loan is one of the disadvantages of using

A call option lets investors cancel a contract to _______ commodities, whereas a put option lets them _____.

Supply-side policies aim to _________.