Macroeconomics Vocabulary Activity #1 - Tarik Davis | Biblioteka

1

What does 'aggregate' mean in economics?

adding things together

analyzing market trends

subtracting different factors

separating components

1

What does 'confidence' refer to in economic terms?

market analysis

distrust

economic growth

trust

1

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

1

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

1

What is contractionary policy intended to do?

boost consumer spending

increase employment

promote international trade

slow economic growth

1

What type of unemployment occurs during slow economic growth?

cyclical unemployment

frictional unemployment

structural unemployment

seasonal unemployment

1

What does 'diaspora' refer to?

a cultural exchange

migration to cities

a dispersion of people outside their homeland

increase in population

1

What is the economic cycle primarily concerned with?

government regulations

consumer preferences

inflation rates

phases of growth and shrinkage in the economy

1

What is an economic peak?

lowest point of recession

highest point before economic decline

average market trends

steady economic performance

1

What does 'contractionary' imply in economic policy?

actions that reduce economic growth

measures to boost investment

policies to increase jobs

strategies to enhance trade