MacroEcon Review

Front

The​ ​Consumer​ ​Price​ ​Index​ ​(CPI)​ ​can​ ​be​ ​defined​ ​as

Back

A​ ​measure​ ​of​ ​inflation​ ​based​ ​on​ ​the​ ​cost​ ​of​ ​a​ ​fixed​ ​“market​ ​basket”

Front

Money loses its value when it becomes too plentiful.

Back

becomes too plentiful

Front

Inflation is measured by...

Back

Consumer Price Index (CPI).

Front

The percentage of a deposit that a bank must hold on to is called the ______.

Back

Reserve Requirement

Front

How many Federal Reserve Districts are in the U.S?

Back

12

Front

What is the name of our nation's central bank?

Back

The Federal Reserve

Front

The Fed ______________ banks to ensure the soundness of the banking system.

Back

regulates

Front

The Federal Reserve...

Back

Regulates the amount of money in circulation, Supervises banks, Provides financial services to banks and the public.

Front

The primary responsibilities of the Federal Reserve are...

Back

making monetary decisions that regulates the economy, promoting economic growth, determines the supply of money.

Front

What type of unemployment is due to a business shutting down for a part of a year?

Back

Seasonal