SSEMA1-3

Front

Which of the following is NOT an indicator of economic growth? GDP, Aggregate Demand, Unemployment Rate, inflation

Back

Aggregate Demand

Front

Macroeconomics is the study of?

Back

The economy as a whole

Front

How many Federal Reserve District banks are there?

Back

12

Front

__________ is the total value amount of goods and service produced within a country's border in a one year time period?

Back

Gross domestic product

Front

Which type of GDP accounts for inflation? Options: Nominal GDP, Real GDP

Back

Real GDP

Front

_____ is a rate that a bank pays customers for keeping their money

Back

interest

Front

amount of deposits that banks are required to keep on hand

Back

reserve requirements

Front

If the United States is experiencing inflation, the Fed will likely

Back

Decrease the supply of money in the economy

Front

How many Board of Governor members are there?

Back

7

Front

Which part of the Fed decides when to raise or lower interest rates? Options: Board of Governors, Advisory Committee, Chairman, Federal Open Market Committee

Back

Federal Open Market Committee