Macroeconomics
If the national output in one year is measured at $300 billion and a year later it is measured at $315 billion, then the rate of growth in that year is?
When a muscle is stretched by a contraction of the opposing muscles, it is called_______.
The term “aggregate-supply curve,” describes which of the following?
Crowding out refers to a decline in ________ as a result of an increase in ________.
The difference between the ________ for a good and the ________ is called consumer surplus.
Demand for a given good is inelastic, so it follows that if price rises, __________ will rise, too.
According to the classical dichotomy, when the money supply decreases, _____ will decrease.
Gains from specialization and mutually beneficial trade _________ wealth or well-being.
In a perfectly competitive market, sellers _________ and buyers _________.
Stagflation occurs when inflation ________ and gdp ________.
What does PPF stand for in Economics?
The statement i always buy that brand is an example of the _____ component of attitude.
Which is not a reason why the aggregate demand curve is downward sloping?
Sharing the pie more equally _____ .
When people buy stocks/bonds we call this _____ and it _____ count in gdp.
If money growth does not affect real GDP, and velocity is stable, an increase in the money supply creates a proportional increase in
Free trade is ________, because it ________ the size of the pie available to the economy.
________ of unemployment during ________ make it easier for workers to ________ wages.
The modern macroeconomic tools used by the government are _____ policy and _____ policy.
What is the unemployment rate when the economy is at potential GDP?
Which is not part of the M1 definition of the Money Supply?
Which of these is a liability?
In the very short run
The term “Balance of Payments” means:
____ and ____ are often paid as part of one's house payment and held in an escrow account.
The broadest measure to adjust nominal gdp for price changes is _____.
Aggregate demand is about _________ and aggregate supply is about _________.
When housing prices decrease, household wealth _____, and consumption _____.
In order to take out the effect of _____________, an adjustment must be made for price changes.
Fiscal policy refers to changes in tax levels and government _____.
Total expenditure in the united states is equal to consumption expenditure plus investment ______.
Which would most likely shift the aggregate supply curve? a change in the prices of _____.
A complement good has what kind of elasticity?
Which scenario is related to an unplanned decrease in inventories?
Macroeconomics can be defined as:
The net export (xn) sector is ____________ and is growing in importance for the american economy.
A constraint that protects a firm from _____ is called a barrier to entry.
The _____ is positively sloped because some input costs are slow to change.
The credit demand curve slopes downward because ____________.
________ the quantity of money in the united states.
Supporters of minimum wage say that it provides _____ for people with low-paying jobs.
The _______, the greater is the amount that a household decides to save.
In the united states today, money includes ______.
The formula for which of the following quantities contains a term for "Planned Investment?"
_________ refers to the technology gap that exists between different social and economic classes.
The united kingdom receives approximately _______ percent of total american exports.
The use of government spending and taxation to influence the economy is the definition of which of the following terms:
What does purchasing power parity do?
The calculation of spending gdp at this stage of our circular flow would be ___________________ .
Most economists assume that firms behave _____ and that their objective is _____.