Exam 5: Introduction to Macroeconomics

In the circular flow diagram, households' payments ________ the government.

The unemployment rate equals

Classical economists defended the economic concept of

Slump, downturn and contraction are all words for a(n)

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

Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow. Table 5.1 2014 2015 2016 -Refer to Table 5.1. In this economy, a peak existed around the

Stagflation occurs when the economy's ________ are both high.

If 20 million workers are unemployed and 180 million workers are employed, then the unemployment rate is

In 1933, the United States produced about ________ goods and services than it had in 1929.

A capital gain is

The phrase used by Walter Heller to refer to the government's role in regulating inflation and unemployment is

Celine purchased 5,000 shares of stock for $500,000. A year later the stock is valued at $650,000. Instead of selling the stock, Celine held onto it for another year. Which of the following is true?

A dividend is

Unemployment means that

Government policies regarding taxes and expenditures are called

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

The suppliers in the goods-and-services market are

Stagflation occurs primarily during periods of rapid economic growth.

Monetary policy includes changing the level of household taxes.

In the goods-and-services market, households