Exam 5: Introduction to Macroeconomics

A recession is associated with a negative rate of growth of the economy.

The diagram that shows the income received and payments made by each sector of the economy is the

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

A recession is usually associated with increasing unemployment.

Dividends are

In a business cycle,a peak represents the end of ________ and a trough represents the end of ________.

In a business cycle,a trough represents the end of

A household that spends less than it receives in income during a given period is

In the U.S.economy,the inflation rate in 1975 peaked at ________ percent.

The period in the business cycle from a trough to peak is called a(n)

It has become conventional to classify an economic downturn as a recession when aggregate output declines for

Suppose the economy suffers a high rate of unemployment.According to Keynesian economists,the government should increase employment by

"Fine tuning" is any government attempt to regulate inflation or unemployment.

John Maynard Keynes' most notable published work is entitled

If the labor force is 500 and employment is 450,then the unemployment rate is

Government policies regarding taxes and expenditures are called

The trend of the economy is

Since 1970,the U.S.economy has experienced 2 periods of high inflation.

Between a peak and a trough,the economy goes through a(n)

The portion of a corporation's profits that a firm pays out each period to its shareholders is a