Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

Assessment

Flashcard

Social Studies

12th Grade

Hard

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40 questions

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1.

FLASHCARD QUESTION

Front

Consumption + Investment + Government + Net Exports = ______?

Back

Gross Domestic Product

2.

FLASHCARD QUESTION

Front

Which term completes the list? The Five Stages of ______? 1. Growth 2. Peak 3. Recession 4. Trough 5. Recovery

Back

the Business Cycle

3.

FLASHCARD QUESTION

Front

Inflation would benefit which group of people the most? Options: people on fixed incomes, people who are in debt

Back

people who are in debt

4.

FLASHCARD QUESTION

Front

Which economic indicator best shows that deflation is occurring? Options: a decrease in interest rates due to home foreclosures, a decline in prices due to the lack of consumer spending

Back

a decline in prices due to the lack of consumer spending

5.

FLASHCARD QUESTION

Front

During a period of economic downturn, what is one characteristic that might be observed in the job market?

Back

unemployment tends to rise

6.

FLASHCARD QUESTION

Front

Quinton and Cam are studying the economy and notices a period when the real gross domestic product (GDP) stops falling. Which stage of the business cycle are they observing?

Back

Trough

7.

FLASHCARD QUESTION

Front

During which stage of the business cycle does the economy experience the highest inflation rate?

Back

Peak

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