Macroeconomic Measurement

Which of the following is a stage of the business cycle? 

• Procession
• Trough
• Slide
• Valley 

Which of the following is not an economics indicator discussed in class?

• Presidential Policy
• Inflation 
• Gross Domestic Product
• Unemployment

In the business cycle, growing G.D.P. and inflation are signs of a recession.

• True
• False

The value of money is greater as prices inflate over the course of history.

• True
• False

Government spending makes up the largest portion of the nations G.D.P.

• True
• False

Unemployed plus employed 

• Unemployed
• Unemployment Rate
• Labor Force
• Total Population

Someone without a job a job who has quit looking 

• Intermediate Goods
• Discouraged Worker
• Structural Unemployment
• Seasonal Unemployment

The general increase in the price of goods and services 

• Retention 
• Gross Domestic Product
• Unemployment
• Inflation

Unemployment caused by regular transition periods

• Frictional Unemployment
• Structural Unemployment
• Seasonal Unemployment
• Discouraged Workers

Someone without a job, but looking 

• Frictional Unemployment
• Structural Unemployment
• Discouraged Workers
• Unemployed