Macro & Fed Review

Which of the following is NOT an indicator of economic growth?

• GDP
• Aggregate Demand
• Unemployment Rate
• inflation

Macroeconomics is the study of?

• People
• Decisions of individuals
• The economy as a whole

The general increase of price levels?

• inflation
• deflation
• consumer price index
• aggregate demand

What is one tool that measures the rate of inflation?

• GDP
• Federal Reserve
• unemployment
• consumer price index

Which type of unemployment is due to changes in the business cycle?

• frictional
• seasonal
• structural
• cyclical

Which type of unemployment is due to changes in the structure of a business? (technology)

• frictional
• structural
• seasonal
• cyclical

What is the central bank of the United States?

• Bank of America
• Federal Reserve
• Commercial Banks
• Member Banks

How many Federal Reserve District banks are there?

• 12

• 9
• 6
• 5

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

• economic output
• Gross domestic product
• aggregate supply
• aggregate demand

Which type of GDP accounts for inflation?

• Nominal GDP
• Real GDP