Exam 5: Introduction to Macroeconomics

Dividends are

Macroeconomics is concerned with inflation or deflation, output growth and unemployment.

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

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

________ in the value of an asset over the price initially paid for it is a capital gain.

The largest stock exchanges are located in all of the following cities except

If Congress decreases government spending, it is using

The major lesson of the circular flow diagram is that

The employment rate equals

A cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment is a(n)

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

Policies designed to affect the quantity of money are

Inflation is a(n)

A period of very rapid increase in the overall price level is known as

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a

Which of the following is a topic studied in Macroeconomics?

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

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

Rapid increases in the price level during periods of recession or high unemployment are known as

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