Macroeconomics

What is used to try and achieve the macroeconomic goals when the economy isn't performing?

What is happening @ #2?

When inflation is high we are less competitive internationally

Which of the following would not be considered an inflow into the pool of unemployment?

persistent fall in the average level of prices in the economy

bad deflation  comes about from the ___________side of the economy

inflation discourages saving

Who is in charge of monetary policy?

What is happening @ #4?

Which of the following best describes macro goals?

Who would be included in hidden unemployment

good deflation  comes about from improvements in the ___________side of the economy

inflation is measured by 

What is the name of the economic diagram that shows economic growth over time?

What tools are available for the government to use in terms of fiscal policy?

Which of the following is not a type of unemployment?

What is happening @ #3?

Persistent increase in the average price level in the economy

Which of the following would be an outflow from the pool of unemployment?

both good and bad deflation result in a _____ in the price level

If someone has given up hope in looking for a job are they counted in the unemployment rate?

which of the following is NOT a negative consequence of inflation?

According to the business cycle, if we are in a recession the economy is _______

the value of all final goods and services produced in one year

The business cycle measures what?

What is happening @ #1?

economists argue the costs of deflation are greater than the costs of inflation

The falling rate of inflation

What tools are used in monetary policy?

the percentage of people who don't have a job who are of age and willing to work