unit 2: macro

A sustained increase in the average prices of all goods and services in the economy.

change in interest rate

Fiscal policy involves...

Who is in charge of monetary policy?

A new car, food, clothes, college tuition, etc. are examples of ...

Contraction is a period of economic decline.

Which of the following would be an example of monetary policy?

A measurement used to determine inflation

The Fed's main function is

Home builders are not hiring contractors because of the slow housing market.

A monetary policy measure that might reduce inflation but increase unemployment is

Who acts as the main spokesperson for monetary policy in the US?

Bank, credit union, insurance companies, and brokerage companies

This unemployment is caused by changes in the workers’ circumstances.

The highest point in economic growth, the top of an expansion in the business cycle is ...

The stock market, bond market, commodities market, and foreign exchange market

Monetary Policy

The market value of all final goods and services produced in a country in a year.