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Unit 4 Flashcards | StudBud

Explore/Unit 4

Unit 4

9 terms·StudBud Administration·178 plays

CDH HEcon review for Unit 4

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Questions 9

Answers

1
When demand for goods and services is greater than supply causing prices to rise
Quantity of Money Inflation
Inflation
Cost Push Inflation
Demand Pull Inflation
2
Which of the following is included in GDP
Finished goods
Quality of Life
Underground Economy
Non Market Activity
3
Which of the following are included in GDP
You buy a used car
You spend the summer working at a camp in Canada
Your parents pay tuition to CDH
You pay to attend a Vikings game
4
Which of these is most directly influenced by the actions of the Federal Reserve
Interest Rates
Unemployment Rate
GDP
Inflation Rates
5
Which of the following is not a type of unemployment
Frictional Unemployment
Under employment
structural unemployment
Seasonal Unemployment
6
Which of the following measures the average amount that each person in the labor force makes
Gross Domestic Product
GDP Per Capita
Real GDP
nominal GDP
7
Which of these is most useful for comparing GDP because it take inflation into account
nominal GDP
real GDP
GDP per capita
adjusted GDP
8
Which of the following is NOT controlled by the FED
the feds goal is to keep the economy healthy
The Fed creates money
fed can affect the interest rate that banks charge for loans
the fed sets rules that banks must follow
9
Which is NOT considered a part of the labor force and is not included in unemployment
Someone who is working part time
Someone looking for a new job
A wedding photographer who works for different clients
A stay at home mom