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Economics 6th Six Weeks Test

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1.
3 points
Inflation is measured by dividing Real GDP by a base years...
2.
3 points
The concept of fiscal policies are derived from
3.
3 points
If a country's multiplier is at 3 and the investment sector pulls $60 billion out, overall spending will decline by
4.
3 points
Which of these is not considered when determining whether someone falls below the poverty threshold?
5.
3 points
Demographers study characteristics of a population.
6.
3 points
The hallmark of President Reagan's administration or presidency was supply-side economics.
7.
3 points
The concept of aggregate supply assumes that...
8.
3 points
During which decade were government assistance programs most effective?
9.
3 points
"Priming the Pump" refers to
10.
3 points
Which of the following would not be considered part of a nation's GDP?
11.
3 points
The theory of the Laffer curve is used to argue for
12.
3 points
Fiscal Policy may involve
13.
3 points
A business cycle begins when the economy reaches a low and begins to climb out of a recession.
14.
3 points
How often does the official U.S. census occur, and what does it do?
15.
3 points
Supply-side and demand-side policies have the same goals.
16.
3 points
A decline in real GDP lasting at least two quarters or more is called a
17.
3 points
The U.S. Constitution requires a national census every 25 years.
18.
3 points
The idea that the amount of investment decline will result higher overall spending is referred to as
19.
3 points
Great Depression recovery legislation included all but
20.
3 points
Which terms means something very similar to "government taxing and spending"
21.
3 points
President Reagan's efforts to make the federal government smaller were
22.
3 points
Triggers that can cause economic change include all but
23.
3 points
In Keynes equation GDP= C+I+G+(X-M), which part of the equation did Keynes argue could make up any loss from investment?
24.
3 points
The bursting of the housing market in 2006-2007 negatively affected consumer buying power and was largely responsible for the Great Recession in 2008.
25.
3 points
The period called the baby boom began in 1946 and lasted until 1964.
26.
3 points
Strategies for achieving economic goals of economic growth, full employment, and price stability have remained the same over time.
27.
3 points
Which of the following groups does supply-side policy target through stimulation?
28.
3 points
Which of the following is a form of instability that reverses economic growth?
29.
3 points
Which economic indicator would most likely indicate an upcoming expansion?
30.
3 points
Supply-side policies aim to grow the federal government.
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