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Macroeconomics Vocabulary Activity #1

Last updated 6 months ago

10 questions

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Question 1

1.

What does 'aggregate' mean in economics?

adding things together

analyzing market trends

subtracting different factors

separating components

Question 2

2.

What does 'confidence' refer to in economic terms?

market analysis

distrust

economic growth

trust

Question 3

3.

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

Question 4

4.

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

Question 5

5.

What is contractionary policy intended to do?

boost consumer spending

increase employment

promote international trade

slow economic growth

Question 6

6.

What type of unemployment occurs during slow economic growth?

cyclical unemployment

frictional unemployment

structural unemployment

seasonal unemployment

Question 7

7.

What does 'diaspora' refer to?

a cultural exchange

migration to cities

a dispersion of people outside their homeland

increase in population

Question 8

8.

What is the economic cycle primarily concerned with?

government regulations

consumer preferences

inflation rates

phases of growth and shrinkage in the economy

Question 9

9.

What is an economic peak?

lowest point of recession

highest point before economic decline

average market trends

steady economic performance

Question 10

10.

What does 'contractionary' imply in economic policy?

actions that reduce economic growth

measures to boost investment

policies to increase jobs

strategies to enhance trade