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Macroeconomics Vocabulary Activity #1
By Tarik Davis
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Last updated 9 months ago
10 questions
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Question 1
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Question 2
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Question 3
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Question 4
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Question 7
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Question 10
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What does 'aggregate' mean in economics?
adding things together
analyzing market trends
subtracting different factors
separating components
What does 'confidence' refer to in economic terms?
market analysis
distrust
economic growth
trust
What is the Consumer Price Index (CPI)?
total cost of living
government spending index
average income levels
average change in prices of commonly used goods and services
What is meant by 'consumption' in economics?
government spending patterns
saving for the future
investing in businesses
buying of final goods and services by households
What is contractionary policy intended to do?
boost consumer spending
increase employment
promote international trade
slow economic growth
What type of unemployment occurs during slow economic growth?
cyclical unemployment
frictional unemployment
structural unemployment
seasonal unemployment
What does 'diaspora' refer to?
a cultural exchange
migration to cities
a dispersion of people outside their homeland
increase in population
What is the economic cycle primarily concerned with?
government regulations
consumer preferences
inflation rates
phases of growth and shrinkage in the economy
What is an economic peak?
lowest point of recession
highest point before economic decline
average market trends
steady economic performance
What does 'contractionary' imply in economic policy?
actions that reduce economic growth
measures to boost investment
policies to increase jobs
strategies to enhance trade