WorksheetsMacro Unit Review #2
Total questions: 16
Worksheet time: 9mins
Choose all that apply
Which of the following are characteristics associated with letter E?
Rising unemployment
Rising employment
Highest levels of unemployment
Economic growth
Inflation
Choose all that apply
Which of the following are characteristics associated with letter E?
Rising unemployment
Rising employment
Highest levels of unemployment
Economic growth
Inflation
If The FED raised the required reserve ratio, it would
limit money supply
increase money supply
money supply remain unchanged
If The FED lower the required reserve ratio, it would
limit money supply
increase money supply
money supply remain unchanged
During inflationary period, the Federal Reserve central bank will use
expansionary monetary policy
contractionary monetary policy
supply side policy
During recession, Federal Reserve bank will use
expansionary monetary policy
contractionary monetary policy
supply side policy
A budget deficit is when...
...spending is greater than revenue.
...spending is less than revenue.
...the budget has been incorrectly calculated.
...revenue is greater than spending.
The Consumer Price Index (CPI) measures___________.
inflation
GDP
unemployment
The nations GDP goes through periods or ups and downs called the ______________.
Business cycle
GDP
Inflation
When the GDP and Jobs are down for 6 straight months, the economy is in a__________.
recession
depression
expansion
Select all that apply.
According to the graph, which of the following statements is true?
Median household incomes are growing just as fast as the U.S. gross national product
The United States is experiencing economic growth from 1985 to 2015
Median household incomes are not growing as fast as the U.S. gross national product
Unemployment is a problem in the United States
When the economy is working properly, what is the natural (full employment) unemployment rate?
0 to 3 percent
4 to 6 percent
8 to 10 percent
10 - 12 percent
What is the difference between a recession and a depression?
A recession is a period of economic growth while a depression is a period of economic contraction.
A recession is more severe than a depression and lasts longer.
A depression is a particularly deep recession with high levels of unemployment.
Unlike a recession, a depression includes high levels of inflation
