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Macroeconomics (Reg Econ) Flashcards | StudBud
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Macroeconomics (Reg Econ)
Macroeconomics (Reg Econ)
20 terms
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287 plays
Macroeconomics
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
3 is..
expansion
trough
contraction
peak
2
when using tight money policy, the Fed is trying to control...
political elections
inflation
deflation
congress
3
Being replaced by a robot is what type of unemployment?
Seasonal
cyclicals
structural
Technological
4
the idea that we consume more goods than can be produced creating inflation is called...
monetary policy
cost push
demand pull
wage spiral
5
High interest rates and high reserve requirement =
loose money policy
tight money policy
tight money policy
loose money policy
6
the interest rate offered to a banks best customers (high credit rating) is called...
discount rate
interest rate
low rate
prime rate
7
If corn were used as money, it would be..
inflationary
fiat
commodity
representative
8
The whole economy as measured by total supply and demand is called...
aggregate
universal
full employment
total
9
1 is...
expansion
peak
contraction
trough
10
a lawyer working as a fry cook would be considered...
unemployed
underemployed
drop out
automated
11
UE as a result of regular swings in the business cycle.
cyclical
frictional
seasonal
structural
12
The interest rate charged to banks by the federal reserve is called...
prime
exchange
overnight
discount
13
Dramatic inflationary increase of over 500%.
stagflation
standard
creeping
Hyper
14
Which of the following is counted in the UE rate?
retired
drop out
part time employed
military personel
15
Average of retail goods and services, used to measure inflationary changes.
composite index
consumer price index
Producer price index
implicit GDP
16
Which of the following is not a characteristic of effective money?
plentiful
divisible
store of value
portable
17
An extreme recession is called...
big recession
depression
anxious economy
cyclical
18
If ____ last for 6 months its a _______
2/contraction
4/depression
2/recession
4/expansion
19
prices down, value of money up =
GDP
inflation
deflation
Real GDP
20
GDP is a measurement of...
deflation
output
input
inflation
