Measuring And Managing The Economy Test 2: Question Preview (ID: 15186)


Below is a preview of the questions contained within the game titled MEASURING AND MANAGING THE ECONOMY TEST 2: A Second Test About Measuring And Managing The Economy .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]


Play games to reveal the correct answers. Click here to play a game and get the answers.

During a contracting economy...
a) consumers spend more and unemployment falls b) consumers spend less and unemployment falls c) consumers spend less and unemployment increases d) consumers spend more and unemplomynet rises
Which statement best describes someone that America considers unemployed?
a) an active-duty soldier b) a recent college grad with a part time job but looking for a full time job c) a disabled person that is physically unable to work d) a 17 year old high school student looking for a part time job
Which statement best describes the causes for periods of increased and decreased economic activity?
a) The Bureau of Labor and Statistics makes policy decisions b) natural tendency of consumers to go through periods of spending more and saving more c) The CPI being adjusted for inflation d) decisions by bussinesss about when to enter the next phase
Which action by the Fed will result in growing the money supply?
a) selling bonds on the open market b) increasing the reserve requirement c) decreasing the discount rate d) lowering taxes
What is an action the governement can take to fight a fast growing inflation rate?
a) increase taxes b) decrease taxes c) reduce the consumer price index d) increase the consumer price index
How is Real GDP different than GDP?
a) Real GDP is the finalized number after the election b) Real GDP counts ALL exports c) Real GDP takes into account the unemployment rate d) Real GDP is adjusted for inflation
Which statement best reflects the government's involvement in the America economy?
a) They have a strict "Hands off" approach b) they only interven in severe problems, like the Great Depression c) the government routinely intervenes to "fine-tune" the economy d) Republicans always intervene while Democrats rarely intervene
What is fiscal policy?
a) increasing or decreasing the money supply to increase economic activity or control inflation b) changing governemnt spending and taxes to increase economic activity or control inflation c) unused d) unused
What is monetary policy?
a) increasing or decreasing the money supply to increase economic activity or control inflation b) changing governemnt spending and taxes to increase economic activity or control inflation c) unused d) unused
Whish statement best reflects the current Real GDP in America?
a) Real GDP has been slowly increasing for the last few years b) Real GDP has been slowly decreasing fo rthe last few years c) Real GDP had be had been increasing but last year started decreasing d) Real GDP had been decreaing but last year started increasing
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from the data set above, visit ReviewGameZone.com and enter game ID number: 15186 in the upper right hand corner at ReviewGameZone.com or simply click on the link above this text.

TEACHERS / EDUCATORS
Log In
| Sign Up / Register