Macroeconomics Questions

What happens to the aggregate supply curve of minimum wage increases

What happens to aggregate demand if unemployment is expected to fall

supplementary payments made by the government such as welfare payments unemployment compensation and Social Security payments are known as

The economic phase when real GDP declines for two consecutive quarters is called?

What is the price index in the base year

14-16 Which of these institutions has the responsibility for controlling the money supply?A) commercial banksB) congressC) us treasury dept.D) federal reserve system

What is a phrase of high economic growth and activity called

What happens to purchasing power during times of inflation

What is the real domestic output also called

16-19 which of the following is the velocity of money?A) how quickly the ave. worker gets paid after his or her work is doneB) the ave. speed of ATM machinesC) the ave. number of times per year that a given dollar of the money supply is spendD) none

The total of all planned expenditures in the entire economy is known as?

A prolonged decline in the general price level of final goods and services is called?

The measure of the prices of a specific group of goods and services that the average household uses is known as

A plumber buying tools would be classified under what sector

16-1 Keynes gave which of the following as a motive for people holding money?A) transactions demandB) speculative demandC) precautionary demandD) all

16-3 Assume the demand for money curve is stationary and the fed increases the money supply. the result is that peopleA) increase the supply of bonds, thus driving up the interest rateB) increase the supply of bonds, thus driving down the interest rateC) increase the demand for bonds, thus driving up the interest rateD) decrease the demand for bonds, thus driving down the interest rate

14-19 The major protection against sudden mass attempts to withdrawal cash from the banks is theA) federal reserveB) consumer protection actC) deposit insurance provided by the FDICD) gold and silver backing the dollar

16-11 Starting from an equilibrium at E1 in exhibit 12, a rightward shift of the money supply curve from MS1 to MS2 would cause an excessA) demand for money, leading people to sell bondsB) supply of money, leading people to buy bondsC) supply of money, leading people to sell bondsD) demand for money, leading people to buy bonds

total dollar value of all final goods and services produced in the U.S each hear unadjusted for inflation

16-16 suppose that the fed makes a $100 billion open market sale of treasury bonds, and the money multiplier is 6. which of the following impacts are most likely to result?A) money supply shifts inward, and the equilibrium interest rate rises in the money marketB) the money supply shifts outward, and the equilibrium interest rate falls in the money marketC) investment declines, causing the aggregate demand curve to shift leftward, reducing equilibrium real GDP and thus slowing the economyD) both answers a and cE) both answers b and c