SSEMA1-3

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

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

_____ is a rate that a bank pays customers for keeping their money

• collateral 
• interest
• currency
• deposit

amount of deposits that banks are required to keep on hand

• monetary policy
• money creation
• reserve requirements
• prime rate

If the United States is experiencing inflation, the Fed will likely

• Increase the supply of money in the economy
• Decrease the supply of money in the economy

How many Board of Governor members are there?
 

• 3
• 5
• 7
• 12

Which part of the Fed decides when to raise or lower interest rates?

• Board of Governors
• Advisory Committee
• Chairman
• Federal Open Market Committee