Macroeconomics Questions

At the deepest point of the Great Depression, most unemployment consisted of:

The economy tends to exhibit short-run output fluctuations and long-run stability because:

Occasionally, rapidly rising prices for basic inputs such as energy result in higher prices for many goods and services. The resulting inflation is best categorized as:

Orlando has just finished school and is searching for his first job. Orlando is considered to be

Suppose the total population is 200 million workers, 100 million of whom are in the labor force. 80 million people are employed full time and another 16 million are employed part time; 5 million people are "discouraged workers." The unemployment rate is:

If an economy's production possibilities curve has shifted out, we can unambiguously conclude tha

"The market value of all final goods and services produced within a nation in a given year." This best describes:

An unexpected drop in consumer spending would be classified as a:

Suppose that last year domestic firms spent $80 billion on final purchases of plant and equipment, of which $15 billion replaced equipment that had worn out during the year. In addition, firms collectively added $10 billion to inventories and new construction totaled $35 billion. In calculating GDP, national income accountants would add gross investment of:

Which product would most likely be characterized by "sticky" prices

If a nation's real GDP is growing at 2% per year, its real output will double in approximately:

If prices are inflexible, an unexpected reduction in demand for a firm's product would result in

Suppose nominal GDP in the base year was $380 billion. Five years later, nominal GDP was $480 and the GDP price index was 120. Over those five years, real GDP:

The change in real GDP is not an accurate measure of the change in economic welfare because, for example

The real domestic output would decrease and the price level would rise

Because a lower price level reduces the demand for money, which lowers the interest rate and increases desired investment

Reduce the purchasing power of household wealth and reduce consumption

Unlikely to cause a reduction in the price level because of menu costs and efficiency wages

what is not an economic factor of production?

what is better at reflecting the goods and services bought by consumers