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Macro Economics Quiz review Flashcards | StudBud
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Macro Economics Quiz review
Macro Economics Quiz review
26 terms
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StudBud Administration
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# macro # Economics # Mr. Sanders # BHS
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
what does fiat money mean
money has value because government says so
money is used to buy a FIAT car
money has value because my teacher says so
money has value because of course it does
2
which of the following does GDP not measure
upaid work, buying hand me down goods
inflaton
how much money everyone earns
how much is in investment
3
what is GDP called after inflation is taken out
That real GDP, son
Inflationless GDP
real GDP
nominal GDP
4
what is the lowest point of the business cycle called
low down
recession
trough
boom
5
Demand for everyone is called
aggregate demand
demand inflation
i demand it, its mine, i want it now
real demand
6
what is it called when aggregate supply and aggregate demand meet
equilibrium price level
inflation
GDP
Winter is Coming
7
which of the following isn't a function of money
unit of accounting
inflation
medium of exchange
store of value
8
total supply is called
aggregate supply
the big supply amount
GDP
real supply
9
What does GDP measure
dollar value of all goods and services produced in a year
dollar value of all goods and services in a month
Georgia's Dairy Products
inflation
10
which of the four is not a category used in GDP
consumer sector
investment sector
government sector
buisness sector
11
what is M2 money
2 more than M money
money used for tax purposes
All money that can be used now and near money
all money that can be used now
12
which would not be a cause of fluctuation in the business cycle
that post from my ex's instagram
buisness invesment
war
raising or reducing taxes
13
What does CPI measure
Cost of potatoes in Idaho
GDP
cost of goods for countries
Price of different group of goods and services for consumers
14
what do we know about the cycle of business
it stays the same
it always fluctuates
it moves side to side
it gets hyphy
15
Which of the following was the missing sector from the previous question
foriegn GDP
foreign net imports
apr
foriegn net export
16
which of the following is not an indicator for predicting the economic future
leading
coeffiecent
lagging
coincident
17
what process is used to find GDP while accounting for inflation
price index
price deflator
inflation elimination tool
price inflator
18
what is near money
money i can use now
assests that can be turned into money...stocks, cd's
money in my pocket
money used to help local projects
19
what is M1 money
one less than M2 money
money for everyone hurray
money that can be used now
money that can be used now and near monies
20
What is the national income?
The amount of national income tax
The amount of income earned by the government
income earned by everyone in the country
the amount of goods a country trades
21
What are transfer payments?
transferring money from checking to savings
transferring money out of the country
money transferred from one person to another
money given without a product or service received
22
What does inflation do to the value of a dollar
value goes down
the value goes up
value stays the same
the value isn't here right now please leave a message
23
CPI and PPI both help us measure what
national debt
Private investigators
income tax
Inflation
24
What does PPI Measure
What is the national income
price of pork pattys in Indiana
GDP
Change over time on how much producers charge consumers
25
What is disposable income?
Money that is set aside for taxes
Money after taxes ,that is yours to spend how you like
money put in the garbabge disposal
money someone throws away
26
Which of the following is not part of the business cycle
contraction
inflation
bust
boom
