Unit Test Answers

An increase in gross domestic product (GDP) is a sign that a country’s economy is

The Federal Reserve Bank of the United States is also known as the

To help encourage economic growth, a country can

Which best describes what generally occurs in financial markets?

Which scenario is an example of cost-push inflation?

When government intervention makes currency worthless, this condition is called

best

When economists determine that a nation’s GDP has declined, they can point to this as a sign of

The Federal Reserve manages the nation’s currency and money supply by

What gives commodity money its value?

best

Are the buying and selling of stocks centralized activities? Why or why not?

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

The Federal Reserve transfers profits from its twelve regional banks to

Income reaches the highest level at the point of the business cycle.

The aggregate is

Consumers having more money to purchase computers will most likely result in

To barter means to

The graph shows unemployment rates in the United States in recent years.Which statement is the most accurate explanation of the information on the graph?

What is one problem that might commonly occur when one is bartering?