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Macroeconomics (The terms for the
Macroeconomics Unit) Newest Full
Study Guide Review / Actual Exam
Questions Bank / Complete Accurate
Quizzes with Verified Answers
_____________Quiz____________? Macroeconomics -
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The study of the economy as a whole. _____________Quiz____________? gross domestic product (GDP) -
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the dollar value of all final goods and services produced within the country's borders in a given year _____________Quiz____________? consumer price index (CPI) -
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a measure of the overall cost of the goods and services bought by a typical consumer
_____________Quiz____________? Inflation -
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rise in the general level of prices. _____________Quiz____________? Deflation -
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Sustained fall in the general price level. _____________Quiz____________? Stagflation -
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High unemployment and high inflation at the same time _____________Quiz____________? National Debt -
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the total amount of money owed by a nation's government to its creditors. _____________Quiz____________? national deficit -
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_____________Quiz____________? seasonal unemployment -
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when people lose their jobs predictably every year at the same time _____________Quiz____________? Fiscal policy -
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Use of government spending and revenue collection measures to influence the economy. _____________Quiz____________? monetary policy -
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policies that control the supply of money, the price of money and the availability of credit. _____________Quiz____________? aggregate demand -
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the total demand for goods and services in the economy _____________Quiz____________? Aggregate supply -
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The total quantity of output producers are willing and able to supply at alternative price levels in a given time period. _____________Quiz____________? business cycle -
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- the ups and downs (phases) through time of the level of overall economic activity (real GDP) _____________Quiz____________? Expansion -
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A period in which real GDP, income, and employment rise _____________Quiz____________? recession -
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an extended decline in business activity _____________Quiz____________? Depression -
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_____________Quiz____________? tight money policy -
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monetary policy that makes credit expensive and in short supply in an effort to slow the economy _____________Quiz____________? Loose money policy -
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monetary policy that makes credit inexpensive an abundant, possibly leading to inflation _____________Quiz____________? Contraction -
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Period of economic decline
