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3. Economic indicators Monetary Policy Fiscal Policy Misc. 10 Point
Macro-
economics
Economic
indicators
Monetary
Policy
Fiscal
Policy
Misc.
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4. This is a schedule or curve that shows the total quantity of goods and services demanded (purchased) at different price levels

5. These are the four actors in the macroeconomy

6. This is a schedule or curve showing the total quantity of goods and services supplied (produced) at different price levels

7. These are the macroeconomic goals of our economy

8. This results when a government spends more money than it earns in revenue

9. This is the definition of inflation and the main method by which inflation is measured (name both)

10. These are the four kinds of unemployment

11. Economic growth is measured by this economic indicator (name it and give its formula)

12. Two consecutive quarters of a decline in GDP

13. This economic indicator increases when GDP declines

14. This entity controls monetary policy

15. This component of the Federal Reserve sets monetary policy and makes decisions about the use of open market operations

16. This monetary policy tool affects how much money a bank can lend from each deposit it receives

17. This is the monetary policy tool of the Fed that influences the money supply through buying or selling bonds

18. The Federal Reserve would [raise or lower] the discount rate in order to stimulate the economy in an expansionary move

19. This entity controls fiscal policy

20. Congress might use these two fiscal policy tools during a recession (be specific)

21. These are the tools of fiscal policy

22. This is the result of deficit spending

23. In order to pay down public debt, this would be needed

24. The height of a business cycle where GDP is strongest and employment is highest

25. This term generally describes the phase in which an economy is getting smaller

26. The government and the Fed worry about this when the economy is expanding

27. The economic indicator used to gage the broad health of an economy and to determine where in the business cycle we are

28. Economic decline accompanied by rising prices

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30. He is currently Chairman of the Federal Reserve

31. What is aggregate demand?

32. What are consumers (households), businesses, government and foreign actors?

33. What is aggregate supply?

34. What are
Economic growth
Full employment
Price stability?

35. What is a budget deficit?

36. What is a rise in the general level of prices in an economy and the Consumer Price Index (CPI)?

37. What are cyclical, structural, frictional and seasonal?

38. What is the total value of all final goods and services produced within a country’s borders during a year and what is GDP=C+I+G+(X-M)?

39. What is a recession?

40. What is the unemployment rate?

41. What is the Federal Reserve?

42. What is the reserve requirement?

43. What is the Federal Open Market Committee?

44. What are open market operations?

45. What is lower?

46. What is Congress?

47. What is increase government spending (G) and decrease taxes?

48. What are taxing and spending powers?

49. What is debt?

50. What is a budget surplus?

51. What is a peak?

52. What is contraction?

53. What is inflation?

54. What is GDP?

55. What is stagflation?

56. Who is Ben Bernanke?