Economics+-+Macroeconomics

Short-Run Economic Fluctuations (TW)

 * //__Sample Questions:__//**


 * 1) The (Blank) is the organization that controls the money supply in the U.S.
 * 2) Macroeconomics is primarily concerned with (Blank).
 * 3) Unemployment that occurs as a result of normally employed workers seeking new jobs is called (Blank).
 * 4) The aggregate quantity of goods and services that an economy can produce if all of its resources are employed is known as (Blank).
 * 5) In the United States, unemployment data is collected by the (Blank).
 * 6) (Blank) occurs when there is an overall increase in the general price level in an economy.
 * 7) Of net exports, consumption, taxation, investment, and government purchases, only (Blank) is NOT a factor in measuring gross domestic product.
 * 8) The number of individuals seeking employment divided by the total labor force is the way the (Blank) is calculated.
 * 9) Periods of rapid growth of output are called (Blank), whereas periods of decline are called (Blank).
 * 10) The total dollar value of quantity of final goods and services produced in a country during a certain period is known as the (Blank).
 * 11) Changes in government spending or expenditures are generally referred to as changes in (Blank).
 * 12) The labor force is comprised of (Blank).
 * 13) Of the political and legal environment, consumption spending, human capital, natural resources, and technological knowledge, only (Blank) is NOT a determinant of average labor productivity.
 * 14) Of interest rates, government spending, the price level, imports and exports, and consumption, all will cause a shift in the aggregate demand curve EXCEPT a change in (Blank).