GDP Growth, Business Cycles, Unemployment, and Inflation

If the CPI was 170 in the year 2000 and 255 in 2019, then prices rose by about _______ percent over those 19 years.

What adjusts so that the quantity of loanable funds supplied equals the quantity of loanable funds demanded?

Which type of unemployment is short term and caused by the normal difficulties of matching employees and employers?

Which type of economic growth can be very rapid for a while, but will eventually slow down?

Which of the following generally is NOT considered a factor of production?

Which type of GDP only rises if the production of goods and services rises?

The financial sector is important to economic growth because

Recall that Y = C + I + G + NX. What is I ?

What is the formula for the unemployment rate?

Which listing best represents the economic growth narrative from our course?

Cutting-edge growth results from improvements in technology and better methods of organizing factors of production.

Identify: Short term movements of real GDP around its long term trend

Personal consumption expenditure (C) is the most volatile component of gross domestic product.

Competitive markets foster economic growth because businesses in such markets have incentives to develop

The efficient market hypothesis states that

Recall: M x V = P x Y. What is V?

Please identify: "A period of falling economic activity spread across the economy, lasting more than a few months...."

GDP Deflator =

If net exports for a country is zero, then in that country

Nominal interest rates tend to rise when expected inflation rises.

Private property rights are an important institution for economic growth.

Which of the following is our basic explanation for inflation?

Economic growth is

If first quarter GDP was $10,473 billion in 2001 and the GDP deflator (index 2012= 100) was 79.2, then real GDP was

Economists believe that business cycles are driven by changes in spending and/or changes in productivity.

A 15 year old high school student who does not have a job is considered unemployed by the BLS.

If a large number of unemployed individuals suddenly become discouraged and stop looking for work, then

An important task for financial institutions is to covert savings into the loans that fund investment activities.