ECONOMICS: REALLY APPRECIATE YOUR HELP!!!?
1. ______________ is used to measure the average change in prices that producers charge their customers. (Points :1)
Aggregate demand
The Consumer Price Index
The Producer Price Index
Aggregate supply
2. The percentage of income that wage-earners spend is one indicator of ____________, the total quantity of all goods and services in the entire economy demanded by all individuals. (Points :1)
aggregate demand
consumer prices
government activity
aggregate supply
3. A
__________ is a major slowdown of economic activity for an extended period of time. (Points :1)
economic boom
depression
recession
business cycle
4. A sudden rise in aggregate supply is most likely the result of: (Points :1)
an increase in the consumer price index (CPI)
a decrease in demand
a recession
a high rate of inflation
5. The Great Depression occurred primarily during which decade? (Points :1)
1920s
1930s
1950s
1960s
6. The aggregate demand curve shows a _________ relationship between aggregate demand and price. (Points :1)
direct
indirect
inverse
parallel
7. A nation's economy experiences a __________ when its output does not grow for at least six months. (Points :1)
recession
business cycle
economic boom
depression
8. What is the purpose of the Gross National Product (GNP) price deflator? (Points :1)
It is a tool used by the government to keep consumer prices down during times of recession.
It is a price index that removes the effect of inflation, allowing more accurate analysis of the economy s performance over time.
It is a tool used by the government to boost the producer price index during times of recession.
It is an adjustment to the GNP that accounts for the depreciation of capital goods.
9. A rise in the consumer price index (CPI) will most likely lead to: (Points :1)
a rise in aggregate demand
a rise in aggregate supply
a fall in aggregate demand
a fall in aggregate supply
10. During the Great Depression, Dorothea Lange documented the plight of: (Points :1)
immigrants
fisherman
bankers
farmers
1. ______________ is used to measure the average change in prices that producers charge their customers. (Points :1)
Aggregate demand
The Consumer Price Index
The Producer Price Index
Aggregate supply
2. The percentage of income that wage-earners spend is one indicator of ____________, the total quantity of all goods and services in the entire economy demanded by all individuals. (Points :1)
aggregate demand
consumer prices
government activity
aggregate supply
3. A
__________ is a major slowdown of economic activity for an extended period of time. (Points :1)economic boom
depression
recession
business cycle
4. A sudden rise in aggregate supply is most likely the result of: (Points :1)
an increase in the consumer price index (CPI)
a decrease in demand
a recession
a high rate of inflation
5. The Great Depression occurred primarily during which decade? (Points :1)
1920s
1930s
1950s
1960s
6. The aggregate demand curve shows a
_________ relationship between aggregate demand and price. (Points :1)direct
indirect
inverse
parallel
7. A nation's economy experiences a
__________ when its output does not grow for at least six months. (Points :1)recession
business cycle
economic boom
depression
8. What is the purpose of the Gross National Product (GNP) price deflator? (Points :1)
It is a tool used by the government to keep consumer prices down during times of recession.
It is a price index that removes the effect of inflation, allowing more accurate analysis of the economy s performance over time.
It is a tool used by the government to boost the producer price index during times of recession.
It is an adjustment to the GNP that accounts for the depreciation of capital goods.
9. A rise in the consumer price index (CPI) will most likely lead to: (Points :1)
a rise in aggregate demand
a rise in aggregate supply
a fall in aggregate demand
a fall in aggregate supply
10. During the Great Depression, Dorothea Lange documented the plight of: (Points :1)
immigrants
fisherman
bankers
farmers