Economics Final Review 2022 Pt. 2
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Social Studies
•
12th Grade
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Easy
Morris Williams
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1 Slide • 11 Questions
1
Economics Final Review 2022 Pt. 2
By Morris Williams
2
Poll
How do I feel about the upcoming final exams?
ready
just a few things to work on, will be ready by the end of the week
not sure!
I'm good on the stuff we have covered in the review pt.
3
Multiple Choice
fiscal policy covers?
actions of the Federal Reserves
taxing and spending by the government
actions of big businesses
how individuals and businesses manage our financial situation
4
Multiple Choice
GDP expenditure model :
G+D+P+(E-I)
C+I+G(X-I)
(X-I) + GDP
5
Multiple Choice
Transfer payments is the _______ source of the federal government expenditure.
largest
smallest
in the middle
6
Multiple Choice
Unemployment benefits and food stamp are examples of?
automatic stabilizer
monetary policy
expansionary actions of the government
contractionary actions of the government
7
Multiple Select
Which are the goals of macroeconomics:
low unemployment
economic growth
low inflation
8
Multiple Choice
peak, contraction, trough, recovery represents
business cycle
fiscal policy
monetary policy
9
Multiple Select
Types of unemployment are:
(select all that apply)
Cyclical
frictional
seasonal
structural
10
Multiple Select
The 3 main functions of money are:
medium of exchange
store of value
exchange rate
unit of account
11
Multiple Select
cyclical unemployment is associated with the ups and downs of the economy, while ___________ and _________ are considered natural...
frictional
Structural
terminal
12
Multiple Choice
monetary policy is controlled/managed by?
federal reserve
congress and president
large businesses
small individual households and small businessess
Economics Final Review 2022 Pt. 2
By Morris Williams
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