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Macro Review JR

Authored by Justin Rathjen

Social Studies

9th - 12th Grade

Macro Review JR
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50 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is inflation?

rise in all prices
rise in most prices
rise in some prices
rise in general prices

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Seth is laid off from work because he is a life guard at the local water park. He is experiencing what kind of unemployment?

Structural
Seasonal
Frictional
Cyclical

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the gross domestic product, the largest dollar amount is

consumer spending
rental payments
net exports of goods and services
government purchases of goods and services

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This group is responsible for implementing fiscal policy

Supreme Court

Federal Reserve Board

Council of Economic Advisors

U.S. Congress

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following are responsible for making fiscal policy decision? 

The President and Congress
The Federal Reserve System
The National Council of Economic Advisors
The commerce Department

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Taxing & spending to help the economy grow is referred to as

expansionary policy
monetary policy
contractionary policy
budget deficit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

value of current gross domestic product adjusted for inflation

GDP

real GDP

inflation

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