What is the Federal Reserve?

Central banking system of the United States

Increase in the level of prices for goods and services

What is Fiscal Policy?

How a government adjusts its spending levels and tax rates

Which is a responsibility of the Fed?

Creating a more stable financial system

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Macroeconomics

15 termsStudBud Administration13,220 plays

Created by Quinton Mills and Devon Henderson

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Questions 15

Answers

1
A milliner cant find work (hat maker)
Frictional unemployment
cyclical unemployment
structural unemployment
2
What rate of unemployment is the government content with?
6%
7%
5%
4%
3
What is the Federal Reserve?
Total amount of the United States' debt
Central banking system of the United States
Executive branch of United States
Regulates the governments spending
4
What is Inflation
Increase in the level of prices for goods and services
An increase in supply
An increase of people living in an area
Increse in aggregate demand
5
A factory worker is laid off because GM is going under
Frictional unemployment
cyclical unemployment
structural unemployment
6
What is the formula used to calculate GDP?
GDP= C + I + G + (X - M)
GDP= C+I+G-(X-M)
GDP= C+I-G+(X-M)
GDP= C-I-G-(X-M)
7
Which does NOT add to a nation's GDP?
Buying a domestic car
Saving your money in a bank
Selling your car on craigslist
Going out to eat
8
What is Fiscal Policy?
How a government adjusts its spending levels and tax rates
How a country controls the supply of money
When a government regulates businesses
9
What adds to a nation's GDP?
Working at McDonald's
Reselling a used computer
Buying a foreign car
Saving your money under your matress
10
Which is a responsibility of the Fed?
Creating a more stable financial system
Creating laws
Collect taxes
11
You have a job but you are making less than what you are worth
overemplyed
employed
underemployed
unemployed
12
Which of the following is not an indicator of inflation
Consumer confidence surveys
Wage rates
Oil prices
Housing price indexes
13
Which economy is second to the US in size
China
Japan
United Kingdom
Germany
14
What measures the size of an economy?
Aggregate Demand
Inflation
Monetary policy
GDP
15
The Fed will _ intrest rates to stimulate the economy
Increase
Decrease

Macroeconomics Flashcards | StudBud