Macro econ exam 3

Macro econ exam 3

University

56 Qs

quiz-placeholder

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Macro econ exam 3

Macro econ exam 3

Assessment

Quiz

Business

University

Easy

Created by

Tristan W

Used 4+ times

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56 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  • What is the term to describe a worker with these characteristics?

    • 16 years or older

    • Not institutionalized (not in prison or psych center)

    • A civilian (not in the military)

    • Looking for work (actively searching)

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Together, the employed and the unemployed make up the _____ _____

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The unemployment rate

 labor force/adult population * 100

nominal price * p0/pt

M + V = P + T

unemployed/(labor force) * 100

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

the average number of times a dollar is spent on finished goods and services in a year (how fast money goes to one person to the next in economic way)

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

 the total volume of money held by the public at a particular point in time (could include physical cash in circulation). Can also include other relatively liquid assets

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

 When people mistake changes in nominal prices for changes in real prices, they fall prey to the

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the money supply is growing, velocity is constant, and there are no additional goods, then prices must go

up

down

stay the same

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