Exam 5: Introduction to Macroeconomics

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.The period from after the fourth quarter of 2010 until before the first quarter of 2012 can be categorized as a period of

All business cycles are symmetric-the length of an expansion is the same as the length of a recession.

Which of the following statements is FALSE?

During the U.S.recession of 1980-1982,the unemployment rate reached a high of ________ percent.

Which of the following is a topic studied in Macroeconomics?

Stagflation occurs when the economy's inflation rate is high and

Promissory notes issued by the federal government when it borrows money are known as

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

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 peak existed around the

A dividend is

An increase in the overall price level is known as

The unemployment rate equals

Related to the Economics in Practice on p.417: John Steinbeck's The Grapes of Wrath is set in the early 1930s.During this time,the U.S.economy was primarily in the ________ phase of the business cycle,culminating in the Great Depression.

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

Keynes believed that expansionary fiscal policy could help get an economy out of an inflation.

In which basic market would DVDs be traded?

In the circular flow diagram,households demand ________ and supply ________.

A capital gain is the increase in value of an asset above its initial cost.

Which of the following is a topic studied in Macroeconomics?

To get the economy out of a slump,Keynes believed that the government should