Exam 5: Introduction to Macroeconomics

Since 1970,the annual inflation rate in the U.S.has been about 9.7 percent or more.

Since 1970,the U.S.economy has experienced 2 recessions.

An example of a transfer payment is

In a business cycle,a peak represents the end of

According to the Classical model,unemployment

In the circular flow diagram everyone's expenditure is someone else's receipt.

Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow. Table 5.1 2010 2011 2012 -Refer to Table 5.1.In this economy,a trough existed around the

Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are

If Juanita purchases a share of stock for $20 and three years later sells it for $120,she will realize a

The employment rate is the number of people employed divided by number of people in the labor force.

The Federal Reserve affecting the supply of money is known as

The term business cycle refers to the

The trend of the economy is

A recession is usually associated with increasing unemployment.

In the circular flow diagram,the different payments made by firms to households include

Which of the following statements is FALSE?

John Maynard Keynes sought to solve the economic paradox of the Great Depression,which was the coexistence of

Macroeconomic policies became more influenced by Keynes' theories starting with,

Since 1970,the U.S.economy has experienced five

Which of the following is an assumption used by Classical economists?