Exam 5: Introduction to Macroeconomics

Ami purchased 100 shares of stock for $10,000. A year later the stock is valued at $18,000. Instead of selling the stock, Ami held onto it for another year. Which of the following is true?

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

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

Wayne purchased 10 autographed Eli Manning football cards when he was 15 years old for a total cost of $50 and then sold those football cards 4 years later for $800. Due to these transactions

The government implements fiscal policy when it changes

An increase in the overall price level is known as

Welfare payments are an example of

The employment rate equals

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

Keynesian economists believed that economic slowdowns are self-correcting.

Deflation occurs when

In the circular flow diagram, households ________ goods and services and ________ labor.

The term business cycle refers to the

An increase in the value of an asset over the price initially paid for it is a

Expansionary fiscal policy includes raising taxes.

Households, firms, and government purchase from the goods-and-services market.

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

John Maynard Keynes' most notable published work is entitled

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 trough existed around the

Fiscal policy refers to government policies concerning taxing and spending.