Exam 5: Introduction to Macroeconomics.

Keynesian policies are ineffective at combating stagflation because stagflation is caused by _____

Identify an example of a flow variable.

The term ____ describes the structure of economic activity in a community, a region, a country, a group of countries, or the world.

The measure of the market value of all final goods and services produced in a state during a particular period, usually a year is called the _____

In combating stagflation, a government-induced _____

When did the Great Depression end?

Which of the following concepts is not included in the study of macroeconomics?

Which of the following statements about U.S. business cycles since 1945 is true?

Which of the following is true of a recessionary period?

The measure of the market value of all final goods and services produced in the world during a particular period, usually a year, is called the _____

Which of the following is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?

What is an increase in the economy's average price level called?

An economic variable that measures something at a particular point in time is called a _____.

_____ are variables that predict or lead to a recession or recovery.

What does real GDP per capita measure?

Which of the following occurred during the Great Depression?

Which of the following would indicate the beginning of a recessionary phase in an economy?

The tax cuts passed during the Reagan administration in the United States were designed primarily to _____

A federal policy that leads to an increase in aggregate supply is likely to result in _____

Which of the following is true of the mercantilism policy?