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Jeopardy

Test your knowledge of macroeconomics with this Jeopardy game. Answer questions about economic indicators, monetary and fiscal policy, and more. Click to begin and choose your point value.

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Jeopardy

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  1. Jeopardy Choose a category. You will be given the answer. You must give the correct question. Click to begin.

  2. Choose a point value. Choose a point value. Click here for Final Jeopardy

  3. Macro- economics Economic indicators Monetary Policy Fiscal Policy Misc. 10 Point 10 Point 10 Point 10 Point 10 Point 20 Points 20 Points 20 Points 20 Points 20 Points 30 Points 30 Points 30 Points 30 Points 30 Points 40 Points 40 Points 40 Points 40 Points 40 Points 50 Points 50 Points 50 Points 50 Points 50 Points

  4. This is a schedule or curve that shows the total quantity of goods and services demanded (purchased) at different price levels

  5. These are the four actors in the macroeconomy

  6. This is a schedule or curve showing the total quantity of goods and services supplied (produced) at different price levels

  7. These are the macroeconomic goals of our economy

  8. This results when a government spends more money than it earns in revenue

  9. This is the definition of inflation and the main method by which inflation is measured (name both)

  10. These are the four kinds of unemployment

  11. Economic growth is measured by this economic indicator (name it and give its formula)

  12. Two consecutive quarters of a decline in GDP

  13. This economic indicator increases when GDP declines

  14. This entity controls monetary policy

  15. This component of the Federal Reserve sets monetary policy and makes decisions about the use of open market operations

  16. This monetary policy tool affects how much money a bank can lend from each deposit it receives

  17. This is the monetary policy tool of the Fed that influences the money supply through buying or selling bonds

  18. The Federal Reserve would [raise or lower] the discount rate in order to stimulate the economy in an expansionary move

  19. This entity controls fiscal policy

  20. Congress might use these two fiscal policy tools during a recession (be specific)

  21. These are the tools of fiscal policy

  22. This is the result of deficit spending

  23. In order to pay down public debt, this would be needed

  24. The height of a business cycle where GDP is strongest and employment is highest

  25. This term generally describes the phase in which an economy is getting smaller

  26. The government and the Fed worry about this when the economy is expanding

  27. The economic indicator used to gage the broad health of an economy and to determine where in the business cycle we are

  28. Economic decline accompanied by rising prices

  29. Final Jeopardy Make your wager

  30. He is currently Chairman of the Federal Reserve

  31. What is aggregate demand?

  32. What are consumers (households), businesses, government and foreign actors?

  33. What is aggregate supply?

  34. What are • Economic growth • Full employment • Price stability?

  35. What is a budget deficit?

  36. What is a rise in the general level of prices in an economy and the Consumer Price Index (CPI)?

  37. What are cyclical, structural, frictional and seasonal?

  38. What is the total value of all final goods and services produced within a country’s borders during a year and what is GDP=C+I+G+(X-M)?

  39. What is a recession?

  40. What is the unemployment rate?

  41. What is the Federal Reserve?

  42. What is the reserve requirement?

  43. What is the Federal Open Market Committee?

  44. What are open market operations?

  45. What is lower?

  46. What is Congress?

  47. What is increase government spending (G) and decrease taxes?

  48. What are taxing and spending powers?

  49. What is debt?

  50. What is a budget surplus?

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