AP Macro Final Review

AP Macro Final Review

KG - University

35 Qs

quiz-placeholder

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AP Macro Final Review

AP Macro Final Review

Assessment

Quiz

History, Other

KG - University

Medium

Created by

Andrew Pledge

Used 100+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Peggy, a recent college graduate, decides to look for a job instead of going to graduate school. If she is unable to find a job that suits her interests right away, what type of unemployment is she MOST likely experiencing?
Structural
Seasonal
Frictional
Cyclical

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The BEST example of structural unemployment in an economy is someone
between jobs or entering the work force.
out of work due to a change in the business cycle.
out of work due to a seasonal downturn in business.
whose job skills do not match the economy's needs.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would you conclude about an economy characterized by increasing gross domestic product (GDP), low unemployment, and increasing inflation?
This economy is in a slow down.
The government needs to address the unemployment problem.
This economy is in the expansion phase of a business cycle.
The Federal Reserve should expand the money supply.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the Federal Reserve buys government securities/bonds on the open market, what effect does this action have on the nation's money supply and aggregate demand?
money supply increases; aggregate demand increases
money supply increases; aggregate demand decreases
money supply decreases; aggregate demand increases
money supply decreases; aggregate demand decreases

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monetary policies the Federal Reserve can adopt include all of the following EXCEPT
raising the discount rate.
buying government bonds.
lowering the reserve requirement.
raising personal income tax rates.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve wants to reduce the nation's money supply. This could be accomplished by doing all of the following EXCEPT
decreasing the discount rate.
increasing the reserve requirement.
selling securities on the open market.
making banks hold a reserve for all types of deposits.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 
decreasing taxes.
decreasing spending.
decreasing the money supply.
decreasing the reserve requirement.

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