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AP Macroeconomics Jeopardy Game

Test your knowledge of key macroeconomic terms, graphs, threats to the economy, GDP, laws & policies, and formulas in this fun and educational Jeopardy game!

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AP Macroeconomics Jeopardy Game

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  1. AP Macroeconomics Jeopardy !! Aylin Castro Period 1 Begin

  2. Key Terms Graphs Threats to Economy GDP Laws & Policies Formulas $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500

  3. - $100 What is scarcity? Answer: What is resources thatt are not limited and are not available in sufficient quantities to satisfy needs . C1-$100

  4. - $200 What is Structural Unemployment? C1-$200 Answer: What is unemployment resulting from industrial reorganization due to technological change.

  5. - $300 What does MPC stand for? Answer: What is the marginal propensity to consume . C1-$300

  6. - $400 True of False: Does the Crowding Out Effect occur when increased gov’t borrowing occurs to reduce investment spending C1-$400 Answer: What is True.

  7. - $500 What is Inflation Rate? Answer: What is the percent change per year in price index typically the consumer price index. C1-$500 k

  8. - $100 When of curve is this? C2-$100 Answer: What is Concave Curve.

  9. - $200 This curve is a? C2-$200 Answer: What is PPC Curve.

  10. - $300 Is this an MPC or MPS Curve? C2-$300 Answer: What is MPC?

  11. - $400 Is A or B an AS Curve? C2-$400 Answer: What is B

  12. - $500 Which one is an LRAS Curve? C2-$500 Answer: The blue line.

  13. - $100 True or False: A cause if inflation is that it bring the value of a dollar up ? C3-$100 Answer: False. Inflation causes the value of a dollar down

  14. - $200 During Deflation who is the one to benefit from the event, the one who lent out money or the one borrowing money? C3-$200 Answer: What is the ones who are lenders.

  15. - $300 If a decrease in capital goods occur what does it do to production of other goods ? C3-$300 Answer: What is the decrease in consumer good as well because capital goods are used for final consumerism.

  16. - $400 What can Stagflation do? Answer: What is the evidence of high inflation combined with high unemployment and stagnant demand in economy. C3-$400

  17. - $500 What type of unemployment ideal affect the employment rate that arises from frictional and structural unemployment? C3-$500 Answer: What the Natural Rate of Unemployment.

  18. - $100 Define GDP. Answer: What is the Gross Domestic Product that is the total value of all final goods and services produced in the economy during a given year.. C4-$100

  19. - $200 A GDP per capital is defined as a? C3-200 Answer: What is the GDP percent by the size of the population; it is the equivalence to the average GDP per person .

  20. - $300 True or False: Nominal GDP measures some of the values of all final goods and services during a given year? C3-$300 Answer: What is False. It measures all values of goods and services during a given year.

  21. - $400 What is Real GDP? Answer: What is the total value of all final goods and services produced in the economy during a given year, calculating the selected base year. C3-$400

  22. - $500 What laws can GDP go by? C3-$500 Answer: What is the Law of Demand and law of Supply.

  23. - $100 What is the Law of Demand? Answer: What is the higher prices go the demand drops (an inverse/ negative relationship). C4-$100

  24. - $200 What can the Fiscal Policy do? Answer: What is when the gov’t adjusts its spending levels and taxes to monitor or influence economy. C4-$200

  25. - $300 Who controls what when it comes to the Monetary Policy? C4-$300 Answer: What is the bank who can control prices for any type of group or organization.

  26. - $400 True of False: The Expansionary Policy no expand the money supply to encourage economic growth or combat inflation C4-$400 Answer: What is False. It can expand.

  27. - $500 When speaking of the Law of Supply, what are the changes that change supply? C4-$500 Answer: What is Prices/ Availability of inputs, Number of sellers, Technology, Gov’t Action, Opportunity Cost, Expectations of future.

  28. - $100 C+I+G+Xn What can this formula tell you? C4-$100 Answer: What is GDP.

  29. - $200 How is Real GDP measured? C4-$200 Answer: What is Nominal GDP over GDP deflator multiplied by 100.

  30. - $300 How is nominal GDP measured? C4-$300 Answer: What is the quantity of various goods produced in nation times their current price added together

  31. - $400 What is the multiplier formula? C4-$400 Answer: What is 1/1- MPC or 1/MPS.

  32. - $500 How is the Unemployment Rate recorded? Answer: What the Number of Unemployment/ Number in Labor Force x 100. C4-$500

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