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Econ Part 2 Final Review

Authored by Matthew Williams

Social Studies

9th - 12th Grade

Used 3+ times

Econ Part 2 Final Review
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal of Macroeconomics?

Make government bigger and spend more money

Full employment, stable prices, economic growth

Economic growth, high unemployment, low taxes

Economic equality, growth, inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who is laid off due to fluctuations in the business cycle is?

Cyclical

structural

frictional

seasonal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who is unemployed because they are looking for their first job is:

Cyclical

structural

frictional

seasonal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Consumer Price Index (CPI) measure?

Unemployment

Market Growth

Supply and Demand

Inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation

Purchasing Power of the dollar goes up (Value improves)

Purchasing power of the dollar goes down (Value declines)

The economy is declining

Measured by Congress

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is not a stage in the business cycle

expansion

peak

contraction

open market operations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do people invest based on future goals?

For retirement income

to pump and dump a stock

avoid paying taxes

lower the capital gains tax

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