Unit 3: Macroeconomics Review

Unit 3: Macroeconomics Review

12th Grade

100 Qs

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Unit 3: Macroeconomics Review

Unit 3: Macroeconomics Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Matthew Fox

Used 13+ times

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100 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Unemployment caused by workers changing jobs

Frictional unemployment

Structural unemployment

Seasonal unemployment

Cyclical unemployment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Unemployment caused by a fundamental change in the economy

Structural unemployment

Frictional unemployment

Seasonal unemployment

Cyclical unemployemnt

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Identify the type of unemployment: A worker loses their job during the pandemic

Structural unemployment

Frictional unemployment

Seasonal unemployment

Cyclical unemployemnt

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Identify the type of unemployment: A worker loses their job to automation

Structural unemployment

Frictional unemployment

Seasonal unemployment

Cyclical unemployemnt

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A rise in the general level of prices

Inflation

Real GDP (rGDP)

Potential output (Yf)

Price level (PL)

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The spending and taxation decisions by the federal government

Fiscal policy

Progressive taxation

Unemployment insurance

Automatic stabilizers

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Amazon spent $700 million dollars in 2019 buying 100,000 new electric delivery trucks. To which part of the GDP equation does this belong?

Consumer spending

Investment spending

Government spending

Net exports

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