Which of the following is NOT a function of money? Medium of Exchange. Store of Value. Measure of value. Measure of Inflation.
Economics Unit 4 Review

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Social Studies
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12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Measure of Inflation.
2.
FLASHCARD QUESTION
Front
The general rise in price levels is called:
Back
Inflation
3.
FLASHCARD QUESTION
Front
Which of the following would be included in the unemployment rate? 15 year-old looking for a job at a local grocery store., An employed persons searching for another job due to pay., A stay at home mother not searching for a job., A 21-year-old unemployed college graduate actively searching for a job.
Back
A 21-year-old unemployed college graduate actively searching for a job.
4.
FLASHCARD QUESTION
Front
Expansionary periods of the business cycle are always characterized by: Low inflation, GDP growth, GDP stagnation, High inflation
Back
GDP growth
5.
FLASHCARD QUESTION
Front
Observable fluctuations in the economy are observable in which economic model?
Back
Business Cycle.
6.
FLASHCARD QUESTION
Front
The goal of economists is to: Reduce GDP, Keep inflation stable, Reduce inflation, Promote economic stagnation
Back
Keep inflation stable
7.
FLASHCARD QUESTION
Front
The dollar value of goods produced in an economy is known as:
Back
GDP
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