Macroeconomics Quiz Bowl

Technological change __________.

A(n) ________ in the business cycle occurs when employment and output reach their lowest levels.

Which U.S. state produces the most rice?

Stagflation is the combination of ________ and ________.

What name was given to October 29, 1929, when the Dow Jones Industrial Average dropped 11% in a single day?

According to the Saving Investment Identity Equation, if G-T increases, what happens to private Investment, I ?

The ancient Mesopotamians linked their farming activities to the movements of which planet?

Which theory of economic growth concludes that growth can continue indefinitely?

Which of the following equations will always represent GDP in an open economy?

Core inflation is the change in prices of goods and services, except for those from what two sectors?

This figure illustrates:

What is best described as, ‟The market value of all final goods and services produced within a nation in a given year?”

Which flow represents consumer expenditures in the circular flow model of the economy in this figure?

Mount Everest is located in:

The interest rate is currently 5% and the Fed determines that invest of $40B is required to reach full employment. How?

Which school of thought believes that real GDP always equals potential GDP?

In a command economy, the government owns most of the economic resources and determines most economic choices. This is

What term refers to the output that the economy would produce if it was experiencing full employment?

If you have just finished school and are searching for your first job, you are considered to be __________ unemployed.

Cost-push inflation is best illustrated by the shift from: