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Unit 2 Review. Here's how to play JEOPARDY! The class will be split into two teams, the RED team and the GREEN team. When a question is displayed, the RED team will use the ABCD keys on their clickers to answer. The GREEN team will use the EFGH keys to answer.
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Here's how to play JEOPARDY! The class will be split into two teams, the RED team and the GREEN team. When a question is displayed, the RED team will use the ABCD keys on their clickers to answer. The GREEN team will use the EFGH keys to answer. The team with the HIGHEST PERCENTAGE of correct responses will earn the points for that question, AND the right to pick the next category! Let's do a practice question to make sure everybody understands how to play. Go on to the Practice Question
Sample Question 1 Insert Question Here Who is the greatest college football team? A B C D E F Michigan Wolverines G H Music Go on to the Game Board
Unemployment Chapter 17 Chapter 15 Chapter 13 Models $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500
Score Board Red Team Green Team Back to Game Board
100 pts 1 Insert Question Here Based on the graph, the increase in oil prices caused output to A B C D E F Milton Friedman G H Music Score Back
200 pts 2 Insert Question Here Economists use the term "leakage" to refer to A B C D E F income that does not follow the circular flow. G H Music Score Back
300 pts 3 Insert Question Here High unemployment is usually a sign that A B C D E F purchasing has slowed G H Music Score Back
400 pts 4 Insert Question Here 400 Which economist believed that the government should step in to stimulate aggregate demand in order to avoid or shorten economic recessions? A B C D E F G John Maynard Keynes H Music Score Back
500 pts 5 Insert Question Here According to some economists, stagflation is caused by A B C D E F cost-push inflation G H Music Score Back
100 pts 1 Insert Question Here Temporary unemployment between jobs because of firings, layoffs, voluntary searches for new jobs, or retraining is called A B C D E F frictional unemployment Frictional unemployment G H Music Score Back
Cyclical unemployment 200 pts 2 Insert Question Here Ronald McDonald, who just graduated form Clown School, is looking to find his first real job A B C D E F Frictional unemployment G H Music Score Back
300 pts 3 Insert Question Here Frosty the Snowman is expecting to be out of work shortly following the last big snow of the year A B C D E F Seasonal unemployment G H Music Score Back
400 pts 4 Insert Question Here Workers at many nuclear power plants lost their jobs when power companies decided not to replace aging plants. A B C D E F Structural unemployment G H Music Score Back
500 pts 5 Insert Question Here Sam I Am was laid off after orders for Green Eggs & Ham declined greatly following last years stock market crash A B C D E F Cyclical unemployment G H Music Score Back
100 pts 1 Insert Question Here When credit is inexpensive and easy to get, the Federal Reserve is probably using ___________. A B C D E F loose money policy G H Music Score Back
200 pts 2 Insert Question Here The Federal Reserve can affect the money supply by A B C D E F changing reserve requirements G H Music Score Back
300 pts 3 Insert Question Here The number of district Federal Reserve banks in the United States is A B C D E F 12 G H Music Score Back
400 pts 4 Insert Question Here Which type of institution must belong to the Federal Reserve? A B C D E F all financial institutions that take deposits G H Music Score Back
500 pts 5 Insert Question Here The Federal Reserve is responsible for A B C D E F monetary policy in the United States G H Music Score Back
100 pts 1 Insert Question Here What happens when inflation occurs? A B C D E F The purchasing power of the dollar declines G H Music Score Back
200 pts 2 Insert Question Here The Consumer Price Index (CPI) is often used to measure ___________________. A B C D E F inflation G H Music Score Back
300 pts 3 Insert Question Here The ups and downs in an economy are called A B C D E F fluctuations G H Music Score Back
400 pts 4 Insert Question Here Business cycles in the United States A B C D E F occur irregularly G H Music Score Back
500 pts 5 Insert Question Here When coincident indicators rise or fall, they indicate A B C D E F the rise or fall in economic activity G H Music Score Back
100 pts 1 Insert Question Here Which letter on the graph represents a boom in the business cycle? A B C D E F W G H Music Score Back
200 pts 2 Insert Question Here Members of which group on the Federal Reserve organization chart buy stock in a Federal Reserve Bank? Who are the shareholders? A B C D E F Member Banks G H Music Score Back brdrnonebrdrnonebrdrnonebrdrnoneOrganization of the Federal Reserve System
300 pts 3 Insert Question Here Which of the following results should be included where the question mark appears in the illustration? A B C D E F unemployment G H Music Score Back
400 pts 4 Insert Question Here In this equation, the “I” represents the A B C D E F total of all business purchases of items used to produce other goods “capital goods”. G H Music Score Back GDP = C + I + G + X
500 pts 5 Insert Question Here Why will the Fed’s action in the passage cause the result described? A B C D E F Banks will raise their loan interest rates, so people will borrow less. G H Music Score Back Like a driver applying a quick tap of the brakes, the Federal Reserve yesterday raised the cost of borrowing to keep the U.S. economy from running ahead too fast. As a result, consumers can expect to pay a little more when buying homes, cars, and other big-ticket items, as well as when carrying credit-card balances. Source: The Columbus Dispatch, July 1, 1999.
