Macroeconomics — Test Answers

25 verified answers

As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David? Choose two correct answers.

still employed

unemployed

domestically unemployed

cyclically unemployed

structurally unemployed

frictionally unemployed

People might choose to use a debit card rather than cash for purchases because

debit cards have a higher value than cash and can buy more.

most items cost less when purchased with a debit card.

their banking institutions charge high fees for cash withdrawals.

they do not want to carry around large amounts of cash.

Which stage of the business cycle is an economy in when it reaches its low point?

Expansion

Peak

Contraction

Trough

To barter means to

trade.

create.

earn.

sell.

Bank deposits help the nation’s economy by

giving consumers the ability to save money.

giving banks the money to loan and invest.

providing protection for banks on investments.

providing protection for consumers from theft.

Did you find these answers helpful?

More from this Course