Macro Econ

The only factors that can cause long run aggregate supply to shift are factors of _____________

The big 3 things people work for are: wages, fringe benefits, and _______

If short run aggregate supply increased, the price level would ________

The unemployment rate is based on the number of unemployed workers in the _____________

The U.S. government lowers taxes: This is what type of policy?

If the size of the labor force increased, the potential GDP for an economy would________

If aggregate demand increased in an economy, the price level would _________

The consumer price index measures ___________

In a Christmas Story, why was Ralphie told he couldn't get a Red Ryder BB Gun?

This economic theory aims at solving long term issues by allowing the economy to fix itself

What state grows the most Christmas Trees?

According to the Phillips Curve, there is an inverse relationship between inflation and ______

In a recession ________________ economists would call for government intervention

When workers collectively agree not to work as a means of fighting for better pay it's called:

True or False: Full Employment means there is zero unemployment.