Bearcat Macro Review 2

Bearcat Macro Review 2

12th Grade

15 Qs

quiz-placeholder

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Bearcat Macro Review 2

Bearcat Macro Review 2

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Jodie Sprenkle

Used 161+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This stage of the business cycle can also be called a contraction.

expansion
trough
peak
recession

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Full employment is one of our 7 economic and social goals. What is the unemployment rate that would show we have achieved our goal?

2-3 %
4-6 %
7-8%
anything below 10%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This would most definitely cause our nation's aggregate demand to shift to the right.

increasing unemployment rates
a recession
decrease in cyclical unemployment
increase in frictional unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of budget requires government spending to equal government revenues.

capital
balanced
personal
none of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of cash your bank keeps on deposit instead of lending it out.

discount rate
reserve requirement
open market operations
margin requirements

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This action by the fed involves buying and selling government securities.

discount rate
reserve requirement
open market operations
margin requirements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ___________________ economic system does not have any opportunity for technological improvements or competition among businesses

command
market
mixed market
traditional

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