Unit 3: Macroeconomics Review
Authored by Josh Winicki
Social Studies
12th Grade
Used 50+ times
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of all goods and services produced within one year
Real GDP
Price level
Aggregate demand
Aggregate supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total output for the economy at full employment
Potential output (Yp)
Real GDP (rGDP)
Price level (PL)
Consumer price index (CPI)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When aggregate supply equals aggregate demand
Macroeconomic equilibrium
Demand-pull inflation
Cost-push inflation
FIscal policy
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following components are part of aggregate demand? SELECT 4.
Consumption (household demand)
Investments (business demand)
Government spending (government demand)
Net exports (foreign demand)
Health and education (public sector demand)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unemployment caused by workers changing jobs
Frictional unemployment
Structural unemployment
Seasonal unemployment
Cyclical unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unemployment caused by a fundamental change in the economy
Structural unemployment
Frictional unemployment
Seasonal unemployment
Cyclical unemployemnt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the type of unemployment: A lifeguard loses their job during the winter
Structural unemployment
Frictional unemployment
Seasonal unemployment
Cyclical unemployemnt
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