Macroeconomics Quiz

What is the focus of macroeconomics?

• Large-scale activities and developments

• Individual industries

• Microeconomic activities

• Regulating loaning of money

What is the goal of fiscal policy?

• Increase taxes

• Decrease federal spending

• Prevent economic downturns

• Manipulate the economy

What theory of economics proposed that the government could help the economy recover?

• Microeconomics

• Keynesian Economics

• Market Issues

• Interventionism

Which president proposed the New Deal?

• Franklin D. Roosevelt

• John Keynes

• John F. Kennedy

• Barack Obama

What did the Glass-Steagall Act do?

• Created the FDIC

• Limited investment activities for banks

• Legalized worker activity

• Provided federal pension

How did assembly line work impact the difficulty of tasks for workers?

• Made tasks more diverse and interesting

• Simplified tasks and made them repetitive

• Reduced the need for worker coordination

___________ is the practice of using borrowed funds from a broker to trade a financial asset.

• Saving

• Buying on Margin

• Speculation

• Investing

• _________ is the act of buying or selling assets that have an increased chance of significant losses.

• speculation

• buying on margin

• trading

• seasonal unemployment

_______ occurs when people are in between jobs, entering and reentering the labor force.

• Cyclical unemployment

• Structural unemployment

• Frictional unemployment

• Seasonal unemployment

When individuals lose jobs due to a decline in the economy (aggregate demand), often during an economic recession.

• Structural Unemployment

• Cyclical Unemployment

• Frictional Unemployment

• Seasonal Unemployment