Macroeconomics Review Unit 4 Macroeconomics What is macroeconomics
![Macroeconomics Review Unit 4: Macroeconomics Macroeconomics Review Unit 4: Macroeconomics](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-1.jpg)
![What is macroeconomics? What is macroeconomics?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-2.jpg)
![What is macroeconomics? The study of the economy as a whole; study of the What is macroeconomics? The study of the economy as a whole; study of the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-3.jpg)
![What is the most important measure of a nation’s economy? What is the most important measure of a nation’s economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-4.jpg)
![What is the most important measure of a nation’s economy? GDP What is the most important measure of a nation’s economy? GDP](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-5.jpg)
![What are the components of the GDP and their percentages? * You will What are the components of the GDP and their percentages? * You will](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-6.jpg)
![What are the components of the GDP and their percentages? GDP = C + What are the components of the GDP and their percentages? GDP = C +](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-7.jpg)
![What economic sector would the “G” represent in the GDP equation? What economic sector would the “G” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-8.jpg)
![What economic sector would the “G” represent in the GDP equation? The public sector What economic sector would the “G” represent in the GDP equation? The public sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-9.jpg)
![What economic sector would the “I” represent in the GDP equation? What economic sector would the “I” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-10.jpg)
![What economic sector would the “I” represent in the GDP equation? Business sector What economic sector would the “I” represent in the GDP equation? Business sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-11.jpg)
![What economic sector would the “C” represent in the GDP equation? What economic sector would the “C” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-12.jpg)
![What economic sector would the “C” represent in the GDP equation? The private sector What economic sector would the “C” represent in the GDP equation? The private sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-13.jpg)
![What economic sector would the “Xn” represent in the GDP equation? What economic sector would the “Xn” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-14.jpg)
![What economic sector would the “Xn” represent in the GDP equation? The foreign sector What economic sector would the “Xn” represent in the GDP equation? The foreign sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-15.jpg)
![A Xn of -5% means the U. S. has a trade _____. A Xn of -5% means the U. S. has a trade _____.](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-16.jpg)
![A Xn of -5% means the U. S. has a trade _____. Deficit: the A Xn of -5% means the U. S. has a trade _____. Deficit: the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-17.jpg)
![What does a budget deficit do to the national debt? What does a budget deficit do to the national debt?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-18.jpg)
![What does a budget deficit do to the national debt? It increases the national What does a budget deficit do to the national debt? It increases the national](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-19.jpg)
![What is excluded in the GDP? What is excluded in the GDP?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-20.jpg)
![What is excluded in the GDP? Intermediate parts (new but not the final product) What is excluded in the GDP? Intermediate parts (new but not the final product)](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-21.jpg)
![What is the difference between nominal GDP and real GDP? What is the difference between nominal GDP and real GDP?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-22.jpg)
![What is the difference between nominal GDP and real GDP? Real GDP is adjusted What is the difference between nominal GDP and real GDP? Real GDP is adjusted](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-23.jpg)
![True or False? GDP indicates a country’s quality of life. True or False? GDP indicates a country’s quality of life.](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-24.jpg)
![True or False: GDP indicates a country’s quality of life. False! GDP DOES NOT True or False: GDP indicates a country’s quality of life. False! GDP DOES NOT](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-25.jpg)
![What is the goal of an expansionary fiscal policy when it comes to What is the goal of an expansionary fiscal policy when it comes to](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-26.jpg)
![What is the goal of an expansionary fiscal policy when it comes to economic What is the goal of an expansionary fiscal policy when it comes to economic](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-27.jpg)
![What point on the graph represents a high rate of unemployment? What point on the graph represents a high rate of unemployment?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-28.jpg)
![What point on the graph represents a high rate of unemployment? “X” is located What point on the graph represents a high rate of unemployment? “X” is located](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-29.jpg)
![What does the concave line on the PPF graph represent for the economy? (Think What does the concave line on the PPF graph represent for the economy? (Think](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-30.jpg)
![What does the concave line on the PPF graph represent for the economy? The What does the concave line on the PPF graph represent for the economy? The](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-31.jpg)
![In a business cycle, what is a recession? In a business cycle, what is a recession?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-32.jpg)
![In a business cycle, what is a recession? A period during which real GDP In a business cycle, what is a recession? A period during which real GDP](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-33.jpg)
![In a business cycle, what follows a peak? In a business cycle, what follows a peak?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-34.jpg)
![In a business cycle, what follows a peak? A contraction In a business cycle, what follows a peak? A contraction](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-35.jpg)
![In a business cycle, what follows a trough? In a business cycle, what follows a trough?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-36.jpg)
![In a business cycle, what follows a trough? A recovery In a business cycle, what follows a trough? A recovery](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-37.jpg)
![Which point on the business cycle represents a contraction? E Real GDP F D Which point on the business cycle represents a contraction? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-38.jpg)
![Which point on the business cycle represents a contraction? E Real GDP F Answer: Which point on the business cycle represents a contraction? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-39.jpg)
![Which point on the business cycle represents a recovery? E Real GDP F D Which point on the business cycle represents a recovery? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-40.jpg)
![Which point on the business cycle represents a recovery? E Real GDP F Answer: Which point on the business cycle represents a recovery? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-41.jpg)
![Which point on the business cycle represents a recession? E Real GDP F D Which point on the business cycle represents a recession? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-42.jpg)
![Which point on the business cycle represents a recession? E Real GDP F Answer: Which point on the business cycle represents a recession? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-43.jpg)
![Which point on the business cycle represents a trough? E Real GDP F D Which point on the business cycle represents a trough? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-44.jpg)
![Which point on the business cycle represents a trough? E Real GDP F D Which point on the business cycle represents a trough? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-45.jpg)
![Which point on the business cycle represents a peak? E Real GDP F D Which point on the business cycle represents a peak? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-46.jpg)
![Which point on the business cycle represents a peak? E Real GDP F Answer: Which point on the business cycle represents a peak? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-47.jpg)
![Which point on the business cycle represents full employment? E Real GDP F D Which point on the business cycle represents full employment? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-48.jpg)
![Which point on the business cycle represents full employment E Real GDP F Answer: Which point on the business cycle represents full employment E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-49.jpg)
![During a recession, are people more likely to spend money or to try During a recession, are people more likely to spend money or to try](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-50.jpg)
![During a recession, are people more likely to spend money or to try and During a recession, are people more likely to spend money or to try and](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-51.jpg)
![What requirements must be met to be considered unemployed? What requirements must be met to be considered unemployed?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-52.jpg)
![What requirements must be met to be considered unemployed? At least 16 years old What requirements must be met to be considered unemployed? At least 16 years old](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-53.jpg)
![If the unemployment rate is high, how does the government help people to If the unemployment rate is high, how does the government help people to](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-54.jpg)
![If the unemployment rate is high, how does the government help people to get If the unemployment rate is high, how does the government help people to get](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-55.jpg)
![What is the natural rate of unemployment in the U. S. ? What is the natural rate of unemployment in the U. S. ?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-56.jpg)
![What is the natural rate of unemployment in the U. S. ? 5% What is the natural rate of unemployment in the U. S. ? 5%](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-57.jpg)
![What percentage is the unemployment rate and inflation rate in a healthy economy? What percentage is the unemployment rate and inflation rate in a healthy economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-58.jpg)
![What percentage is the unemployment rate and inflation rate in a healthy economy? Unemployment What percentage is the unemployment rate and inflation rate in a healthy economy? Unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-59.jpg)
![Which type of unemployment? Christmas job is ending in January Which type of unemployment? Christmas job is ending in January](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-60.jpg)
![Which type of unemployment? Christmas job is ending in January Seasonal unemployment Which type of unemployment? Christmas job is ending in January Seasonal unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-61.jpg)
![Which type of unemployment? I was laid off during the recession Which type of unemployment? I was laid off during the recession](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-62.jpg)
![Which type of unemployment? I was laid off during the recession Cyclical unemployment Which type of unemployment? I was laid off during the recession Cyclical unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-63.jpg)
![Which type of unemployment? I was replaced by a machine Which type of unemployment? I was replaced by a machine](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-64.jpg)
![Which type of unemployment? I was replaced by a machine Structural unemployment Which type of unemployment? I was replaced by a machine Structural unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-65.jpg)
![Which type of unemployment? I just graduated and am looking for a job Which type of unemployment? I just graduated and am looking for a job](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-66.jpg)
![Which type of unemployment? I just graduated and am looking for a job Frictional Which type of unemployment? I just graduated and am looking for a job Frictional](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-67.jpg)
![What does the CPI measure? What does the CPI measure?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-68.jpg)
![What does the CPI measure? inflation What does the CPI measure? inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-69.jpg)
![“Too much money chasing too few goods”…. Which theory and what economic concept “Too much money chasing too few goods”…. Which theory and what economic concept](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-70.jpg)
![“Too much money chasing too few goods” Quantity theory inflation “Too much money chasing too few goods” Quantity theory inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-71.jpg)
![Which type of inflation involves prices being pulled higher due to product shortages? Which type of inflation involves prices being pulled higher due to product shortages?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-72.jpg)
![Which type of inflation involves prices being pulled higher due to product shortages? Demand-pull Which type of inflation involves prices being pulled higher due to product shortages? Demand-pull](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-73.jpg)
![Which type of inflation occurs when producers raise prices to meet increasing input Which type of inflation occurs when producers raise prices to meet increasing input](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-74.jpg)
![Which type of inflation occurs when producers raise prices to meet increasing input costs Which type of inflation occurs when producers raise prices to meet increasing input costs](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-75.jpg)
![What happens to the value or purchasing power of the dollar when inflation What happens to the value or purchasing power of the dollar when inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-76.jpg)
![What happens to the value or purchasing power of the dollar when inflation occurs? What happens to the value or purchasing power of the dollar when inflation occurs?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-77.jpg)
![What do you call it when there is a slowdown in the business What do you call it when there is a slowdown in the business](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-78.jpg)
![What do you call it when there is a slowdown in the business cycle What do you call it when there is a slowdown in the business cycle](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-79.jpg)
![Who benefits the most from unanticipated inflation? Who benefits the most from unanticipated inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-80.jpg)
![Debtors/ people who borrowed money before the inflation hit Debtors/ people who borrowed money before the inflation hit](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-81.jpg)
![Who is hurt the most by unanticipated inflation? Who is hurt the most by unanticipated inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-82.jpg)
![Who is hurt the most by unanticipated inflation? Those on a fixed income Who is hurt the most by unanticipated inflation? Those on a fixed income](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-83.jpg)
![What is the name of the central bank of the U. S. ? What is the name of the central bank of the U. S. ?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-84.jpg)
![What is the name of the central bank of the U. S. ? The What is the name of the central bank of the U. S. ? The](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-85.jpg)
![What entity uses the monetary policy to influence the economy? What entity uses the monetary policy to influence the economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-86.jpg)
![What entity uses the monetary policy to influence the economy? FED What entity uses the monetary policy to influence the economy? FED](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-87.jpg)
![What is the organization of the Federal Reserve System? What is the organization of the Federal Reserve System?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-88.jpg)
![What is the organization of the Federal Reserve System? Board of 7 governors Federal What is the organization of the Federal Reserve System? Board of 7 governors Federal](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-89.jpg)
![What three monetary policy tools does the FED use? What three monetary policy tools does the FED use?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-90.jpg)
![What three monetary policy tools does the FED use? Buy/ sell bonds Increase/ decrease What three monetary policy tools does the FED use? Buy/ sell bonds Increase/ decrease](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-91.jpg)
![If the FED sells bonds, is this expansionary or contractionary, and what impact If the FED sells bonds, is this expansionary or contractionary, and what impact](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-92.jpg)
![If the FED sells bonds, is this expansionary or contractionary, and what impact does If the FED sells bonds, is this expansionary or contractionary, and what impact does](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-93.jpg)
![What consumer behavior is the FED trying to initiate using an expansionary monetary What consumer behavior is the FED trying to initiate using an expansionary monetary](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-94.jpg)
![What consumer behavior is the FED trying to initiate using an expansionary monetary policy? What consumer behavior is the FED trying to initiate using an expansionary monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-95.jpg)
![How can the FED slow down economic growth using monetary policy? How can the FED slow down economic growth using monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-96.jpg)
![How can the FED slow down economic growth using monetary policy? Sell bonds Raise How can the FED slow down economic growth using monetary policy? Sell bonds Raise](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-97.jpg)
![How can the FED stimulate economic growth suing monetary policy? How can the FED stimulate economic growth suing monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-98.jpg)
![How can the FED stimulate economic growth suing monetary policy? Buy bonds Decrease the How can the FED stimulate economic growth suing monetary policy? Buy bonds Decrease the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-99.jpg)
![If the FED keep interest rates low, what will happen to the inflation? If the FED keep interest rates low, what will happen to the inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-100.jpg)
![If the FED keep interest rates low, what will happen to the inflation? Inflation If the FED keep interest rates low, what will happen to the inflation? Inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-101.jpg)
![What is the difference between monetary policy and fiscal policy? What is the difference between monetary policy and fiscal policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-102.jpg)
![What is the difference between monetary policy and fiscal policy? Monetary policy Fiscal policy What is the difference between monetary policy and fiscal policy? Monetary policy Fiscal policy](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-103.jpg)
![If the FED buys bonds, what will happen to the money supply, interest If the FED buys bonds, what will happen to the money supply, interest](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-104.jpg)
![If the FED buys bonds, what will happen to the money supply, interest rate, If the FED buys bonds, what will happen to the money supply, interest rate,](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-105.jpg)
![What are the two government tools used in fiscal policy? What are the two government tools used in fiscal policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-106.jpg)
![What are the two government tools used in fiscal policy? increasing/ decreasing taxes Increasing/ What are the two government tools used in fiscal policy? increasing/ decreasing taxes Increasing/](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-107.jpg)
![Considering the goals of fiscal policy, under what circumstances would the government use Considering the goals of fiscal policy, under what circumstances would the government use](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-108.jpg)
![Considering the goals of fiscal policy, under what circumstances would the government use a Considering the goals of fiscal policy, under what circumstances would the government use a](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-109.jpg)
- Slides: 109
![Macroeconomics Review Unit 4 Macroeconomics Macroeconomics Review Unit 4: Macroeconomics](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-1.jpg)
Macroeconomics Review Unit 4: Macroeconomics
![What is macroeconomics What is macroeconomics?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-2.jpg)
What is macroeconomics?
![What is macroeconomics The study of the economy as a whole study of the What is macroeconomics? The study of the economy as a whole; study of the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-3.jpg)
What is macroeconomics? The study of the economy as a whole; study of the entire economy
![What is the most important measure of a nations economy What is the most important measure of a nation’s economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-4.jpg)
What is the most important measure of a nation’s economy?
![What is the most important measure of a nations economy GDP What is the most important measure of a nation’s economy? GDP](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-5.jpg)
What is the most important measure of a nation’s economy? GDP
![What are the components of the GDP and their percentages You will What are the components of the GDP and their percentages? * You will](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-6.jpg)
What are the components of the GDP and their percentages? * You will be asked about the percentages on the test, so know them!
![What are the components of the GDP and their percentages GDP C What are the components of the GDP and their percentages? GDP = C +](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-7.jpg)
What are the components of the GDP and their percentages? GDP = C + I + G + Xn Consumption: 70% Investment: 15% Government: 20% Net Exports OR (Exports – imports) : -5%
![What economic sector would the G represent in the GDP equation What economic sector would the “G” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-8.jpg)
What economic sector would the “G” represent in the GDP equation?
![What economic sector would the G represent in the GDP equation The public sector What economic sector would the “G” represent in the GDP equation? The public sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-9.jpg)
What economic sector would the “G” represent in the GDP equation? The public sector
![What economic sector would the I represent in the GDP equation What economic sector would the “I” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-10.jpg)
What economic sector would the “I” represent in the GDP equation?
![What economic sector would the I represent in the GDP equation Business sector What economic sector would the “I” represent in the GDP equation? Business sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-11.jpg)
What economic sector would the “I” represent in the GDP equation? Business sector
![What economic sector would the C represent in the GDP equation What economic sector would the “C” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-12.jpg)
What economic sector would the “C” represent in the GDP equation?
![What economic sector would the C represent in the GDP equation The private sector What economic sector would the “C” represent in the GDP equation? The private sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-13.jpg)
What economic sector would the “C” represent in the GDP equation? The private sector
![What economic sector would the Xn represent in the GDP equation What economic sector would the “Xn” represent in the GDP equation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-14.jpg)
What economic sector would the “Xn” represent in the GDP equation?
![What economic sector would the Xn represent in the GDP equation The foreign sector What economic sector would the “Xn” represent in the GDP equation? The foreign sector](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-15.jpg)
What economic sector would the “Xn” represent in the GDP equation? The foreign sector
![A Xn of 5 means the U S has a trade A Xn of -5% means the U. S. has a trade _____.](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-16.jpg)
A Xn of -5% means the U. S. has a trade _____.
![A Xn of 5 means the U S has a trade Deficit the A Xn of -5% means the U. S. has a trade _____. Deficit: the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-17.jpg)
A Xn of -5% means the U. S. has a trade _____. Deficit: the U. S. is spending more than it is making; exports < imports
![What does a budget deficit do to the national debt What does a budget deficit do to the national debt?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-18.jpg)
What does a budget deficit do to the national debt?
![What does a budget deficit do to the national debt It increases the national What does a budget deficit do to the national debt? It increases the national](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-19.jpg)
What does a budget deficit do to the national debt? It increases the national debt because we do not have enough money to cover the costs of running the government! The government is spending more than it is taking in!
![What is excluded in the GDP What is excluded in the GDP?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-20.jpg)
What is excluded in the GDP?
![What is excluded in the GDP Intermediate parts new but not the final product What is excluded in the GDP? Intermediate parts (new but not the final product)](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-21.jpg)
What is excluded in the GDP? Intermediate parts (new but not the final product) Secondhand sales (yard sales, buying used items) Non-market transaction (babysitting, allowance for cutting the grass) Non-productive transactions (stock purchase or sales/ transfer payments like Social Security checks) Underground transactions (illegal transactions)
![What is the difference between nominal GDP and real GDP What is the difference between nominal GDP and real GDP?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-22.jpg)
What is the difference between nominal GDP and real GDP?
![What is the difference between nominal GDP and real GDP Real GDP is adjusted What is the difference between nominal GDP and real GDP? Real GDP is adjusted](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-23.jpg)
What is the difference between nominal GDP and real GDP? Real GDP is adjusted for inflation
![True or False GDP indicates a countrys quality of life True or False? GDP indicates a country’s quality of life.](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-24.jpg)
True or False? GDP indicates a country’s quality of life.
![True or False GDP indicates a countrys quality of life False GDP DOES NOT True or False: GDP indicates a country’s quality of life. False! GDP DOES NOT](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-25.jpg)
True or False: GDP indicates a country’s quality of life. False! GDP DOES NOT indicate a country’s quality of life
![What is the goal of an expansionary fiscal policy when it comes to What is the goal of an expansionary fiscal policy when it comes to](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-26.jpg)
What is the goal of an expansionary fiscal policy when it comes to economic growth?
![What is the goal of an expansionary fiscal policy when it comes to economic What is the goal of an expansionary fiscal policy when it comes to economic](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-27.jpg)
What is the goal of an expansionary fiscal policy when it comes to economic growth? The goal is to increase economic growth
![What point on the graph represents a high rate of unemployment What point on the graph represents a high rate of unemployment?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-28.jpg)
What point on the graph represents a high rate of unemployment?
![What point on the graph represents a high rate of unemployment X is located What point on the graph represents a high rate of unemployment? “X” is located](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-29.jpg)
What point on the graph represents a high rate of unemployment? “X” is located inside the PPF Curve and represents high unemployment
![What does the concave line on the PPF graph represent for the economy Think What does the concave line on the PPF graph represent for the economy? (Think](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-30.jpg)
What does the concave line on the PPF graph represent for the economy? (Think how it compares to the business cycle!)
![What does the concave line on the PPF graph represent for the economy The What does the concave line on the PPF graph represent for the economy? The](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-31.jpg)
What does the concave line on the PPF graph represent for the economy? The concave (bowed) line represents full employment
![In a business cycle what is a recession In a business cycle, what is a recession?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-32.jpg)
In a business cycle, what is a recession?
![In a business cycle what is a recession A period during which real GDP In a business cycle, what is a recession? A period during which real GDP](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-33.jpg)
In a business cycle, what is a recession? A period during which real GDP decreases for 2 consecutive quarters
![In a business cycle what follows a peak In a business cycle, what follows a peak?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-34.jpg)
In a business cycle, what follows a peak?
![In a business cycle what follows a peak A contraction In a business cycle, what follows a peak? A contraction](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-35.jpg)
In a business cycle, what follows a peak? A contraction
![In a business cycle what follows a trough In a business cycle, what follows a trough?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-36.jpg)
In a business cycle, what follows a trough?
![In a business cycle what follows a trough A recovery In a business cycle, what follows a trough? A recovery](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-37.jpg)
In a business cycle, what follows a trough? A recovery
![Which point on the business cycle represents a contraction E Real GDP F D Which point on the business cycle represents a contraction? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-38.jpg)
Which point on the business cycle represents a contraction? E Real GDP F D A C B Time
![Which point on the business cycle represents a contraction E Real GDP F Answer Which point on the business cycle represents a contraction? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-39.jpg)
Which point on the business cycle represents a contraction? E Real GDP F Answer: A D A C B Time
![Which point on the business cycle represents a recovery E Real GDP F D Which point on the business cycle represents a recovery? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-40.jpg)
Which point on the business cycle represents a recovery? E Real GDP F D A C B Time
![Which point on the business cycle represents a recovery E Real GDP F Answer Which point on the business cycle represents a recovery? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-41.jpg)
Which point on the business cycle represents a recovery? E Real GDP F Answer: C D A C B Time
![Which point on the business cycle represents a recession E Real GDP F D Which point on the business cycle represents a recession? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-42.jpg)
Which point on the business cycle represents a recession? E Real GDP F D A C B Time
![Which point on the business cycle represents a recession E Real GDP F Answer Which point on the business cycle represents a recession? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-43.jpg)
Which point on the business cycle represents a recession? E Real GDP F Answer: B D A C B Time
![Which point on the business cycle represents a trough E Real GDP F D Which point on the business cycle represents a trough? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-44.jpg)
Which point on the business cycle represents a trough? E Real GDP F D G A C B Time
![Which point on the business cycle represents a trough E Real GDP F D Which point on the business cycle represents a trough? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-45.jpg)
Which point on the business cycle represents a trough? E Real GDP F D G A C B Time Answer: G
![Which point on the business cycle represents a peak E Real GDP F D Which point on the business cycle represents a peak? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-46.jpg)
Which point on the business cycle represents a peak? E Real GDP F D A C B Time
![Which point on the business cycle represents a peak E Real GDP F Answer Which point on the business cycle represents a peak? E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-47.jpg)
Which point on the business cycle represents a peak? E Real GDP F Answer: E D A C B Time
![Which point on the business cycle represents full employment E Real GDP F D Which point on the business cycle represents full employment? E Real GDP F D](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-48.jpg)
Which point on the business cycle represents full employment? E Real GDP F D A C B Time
![Which point on the business cycle represents full employment E Real GDP F Answer Which point on the business cycle represents full employment E Real GDP F Answer:](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-49.jpg)
Which point on the business cycle represents full employment E Real GDP F Answer: F D A C B Time
![During a recession are people more likely to spend money or to try During a recession, are people more likely to spend money or to try](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-50.jpg)
During a recession, are people more likely to spend money or to try and save money?
![During a recession are people more likely to spend money or to try and During a recession, are people more likely to spend money or to try and](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-51.jpg)
During a recession, are people more likely to spend money or to try and save money? Save money, so spending will decrease
![What requirements must be met to be considered unemployed What requirements must be met to be considered unemployed?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-52.jpg)
What requirements must be met to be considered unemployed?
![What requirements must be met to be considered unemployed At least 16 years old What requirements must be met to be considered unemployed? At least 16 years old](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-53.jpg)
What requirements must be met to be considered unemployed? At least 16 years old Able to work/ willing to work Not in a hospital or jail Not in the military, school, or retired
![If the unemployment rate is high how does the government help people to If the unemployment rate is high, how does the government help people to](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-54.jpg)
If the unemployment rate is high, how does the government help people to get by until they find work?
![If the unemployment rate is high how does the government help people to get If the unemployment rate is high, how does the government help people to get](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-55.jpg)
If the unemployment rate is high, how does the government help people to get by until they find work? The government gives out transfer payments. The higher the unemployment, the more expenditures by the government in transfer payments.
![What is the natural rate of unemployment in the U S What is the natural rate of unemployment in the U. S. ?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-56.jpg)
What is the natural rate of unemployment in the U. S. ?
![What is the natural rate of unemployment in the U S 5 What is the natural rate of unemployment in the U. S. ? 5%](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-57.jpg)
What is the natural rate of unemployment in the U. S. ? 5%
![What percentage is the unemployment rate and inflation rate in a healthy economy What percentage is the unemployment rate and inflation rate in a healthy economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-58.jpg)
What percentage is the unemployment rate and inflation rate in a healthy economy?
![What percentage is the unemployment rate and inflation rate in a healthy economy Unemployment What percentage is the unemployment rate and inflation rate in a healthy economy? Unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-59.jpg)
What percentage is the unemployment rate and inflation rate in a healthy economy? Unemployment at 5% Inflation between 1 - 3%
![Which type of unemployment Christmas job is ending in January Which type of unemployment? Christmas job is ending in January](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-60.jpg)
Which type of unemployment? Christmas job is ending in January
![Which type of unemployment Christmas job is ending in January Seasonal unemployment Which type of unemployment? Christmas job is ending in January Seasonal unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-61.jpg)
Which type of unemployment? Christmas job is ending in January Seasonal unemployment
![Which type of unemployment I was laid off during the recession Which type of unemployment? I was laid off during the recession](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-62.jpg)
Which type of unemployment? I was laid off during the recession
![Which type of unemployment I was laid off during the recession Cyclical unemployment Which type of unemployment? I was laid off during the recession Cyclical unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-63.jpg)
Which type of unemployment? I was laid off during the recession Cyclical unemployment
![Which type of unemployment I was replaced by a machine Which type of unemployment? I was replaced by a machine](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-64.jpg)
Which type of unemployment? I was replaced by a machine
![Which type of unemployment I was replaced by a machine Structural unemployment Which type of unemployment? I was replaced by a machine Structural unemployment](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-65.jpg)
Which type of unemployment? I was replaced by a machine Structural unemployment
![Which type of unemployment I just graduated and am looking for a job Which type of unemployment? I just graduated and am looking for a job](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-66.jpg)
Which type of unemployment? I just graduated and am looking for a job
![Which type of unemployment I just graduated and am looking for a job Frictional Which type of unemployment? I just graduated and am looking for a job Frictional](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-67.jpg)
Which type of unemployment? I just graduated and am looking for a job Frictional unemployment
![What does the CPI measure What does the CPI measure?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-68.jpg)
What does the CPI measure?
![What does the CPI measure inflation What does the CPI measure? inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-69.jpg)
What does the CPI measure? inflation
![Too much money chasing too few goods Which theory and what economic concept “Too much money chasing too few goods”…. Which theory and what economic concept](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-70.jpg)
“Too much money chasing too few goods”…. Which theory and what economic concept does it describe?
![Too much money chasing too few goods Quantity theory inflation “Too much money chasing too few goods” Quantity theory inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-71.jpg)
“Too much money chasing too few goods” Quantity theory inflation
![Which type of inflation involves prices being pulled higher due to product shortages Which type of inflation involves prices being pulled higher due to product shortages?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-72.jpg)
Which type of inflation involves prices being pulled higher due to product shortages?
![Which type of inflation involves prices being pulled higher due to product shortages Demandpull Which type of inflation involves prices being pulled higher due to product shortages? Demand-pull](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-73.jpg)
Which type of inflation involves prices being pulled higher due to product shortages? Demand-pull inflation
![Which type of inflation occurs when producers raise prices to meet increasing input Which type of inflation occurs when producers raise prices to meet increasing input](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-74.jpg)
Which type of inflation occurs when producers raise prices to meet increasing input costs (higher costs of production)?
![Which type of inflation occurs when producers raise prices to meet increasing input costs Which type of inflation occurs when producers raise prices to meet increasing input costs](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-75.jpg)
Which type of inflation occurs when producers raise prices to meet increasing input costs (higher costs of production)? Cost-push inflation
![What happens to the value or purchasing power of the dollar when inflation What happens to the value or purchasing power of the dollar when inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-76.jpg)
What happens to the value or purchasing power of the dollar when inflation occurs?
![What happens to the value or purchasing power of the dollar when inflation occurs What happens to the value or purchasing power of the dollar when inflation occurs?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-77.jpg)
What happens to the value or purchasing power of the dollar when inflation occurs? The value/ purchasing power of the dollar decreases
![What do you call it when there is a slowdown in the business What do you call it when there is a slowdown in the business](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-78.jpg)
What do you call it when there is a slowdown in the business cycle at the same time prices go up?
![What do you call it when there is a slowdown in the business cycle What do you call it when there is a slowdown in the business cycle](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-79.jpg)
What do you call it when there is a slowdown in the business cycle at the same time prices go up? stagflation
![Who benefits the most from unanticipated inflation Who benefits the most from unanticipated inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-80.jpg)
Who benefits the most from unanticipated inflation?
![Debtors people who borrowed money before the inflation hit Debtors/ people who borrowed money before the inflation hit](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-81.jpg)
Debtors/ people who borrowed money before the inflation hit
![Who is hurt the most by unanticipated inflation Who is hurt the most by unanticipated inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-82.jpg)
Who is hurt the most by unanticipated inflation?
![Who is hurt the most by unanticipated inflation Those on a fixed income Who is hurt the most by unanticipated inflation? Those on a fixed income](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-83.jpg)
Who is hurt the most by unanticipated inflation? Those on a fixed income
![What is the name of the central bank of the U S What is the name of the central bank of the U. S. ?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-84.jpg)
What is the name of the central bank of the U. S. ?
![What is the name of the central bank of the U S The What is the name of the central bank of the U. S. ? The](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-85.jpg)
What is the name of the central bank of the U. S. ? The Federal Reserve (FED)
![What entity uses the monetary policy to influence the economy What entity uses the monetary policy to influence the economy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-86.jpg)
What entity uses the monetary policy to influence the economy?
![What entity uses the monetary policy to influence the economy FED What entity uses the monetary policy to influence the economy? FED](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-87.jpg)
What entity uses the monetary policy to influence the economy? FED
![What is the organization of the Federal Reserve System What is the organization of the Federal Reserve System?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-88.jpg)
What is the organization of the Federal Reserve System?
![What is the organization of the Federal Reserve System Board of 7 governors Federal What is the organization of the Federal Reserve System? Board of 7 governors Federal](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-89.jpg)
What is the organization of the Federal Reserve System? Board of 7 governors Federal Open Market Committee (FOMC) 12 Regional Federal Reserve Banks Numerous member banks
![What three monetary policy tools does the FED use What three monetary policy tools does the FED use?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-90.jpg)
What three monetary policy tools does the FED use?
![What three monetary policy tools does the FED use Buy sell bonds Increase decrease What three monetary policy tools does the FED use? Buy/ sell bonds Increase/ decrease](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-91.jpg)
What three monetary policy tools does the FED use? Buy/ sell bonds Increase/ decrease the RR Increase/ decrease the DR
![If the FED sells bonds is this expansionary or contractionary and what impact If the FED sells bonds, is this expansionary or contractionary, and what impact](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-92.jpg)
If the FED sells bonds, is this expansionary or contractionary, and what impact does it have on the money supply and interest rates?
![If the FED sells bonds is this expansionary or contractionary and what impact does If the FED sells bonds, is this expansionary or contractionary, and what impact does](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-93.jpg)
If the FED sells bonds, is this expansionary or contractionary, and what impact does it have on the money supply and interest rates? Contractionary Decreases money supply Increases interest rates
![What consumer behavior is the FED trying to initiate using an expansionary monetary What consumer behavior is the FED trying to initiate using an expansionary monetary](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-94.jpg)
What consumer behavior is the FED trying to initiate using an expansionary monetary policy?
![What consumer behavior is the FED trying to initiate using an expansionary monetary policy What consumer behavior is the FED trying to initiate using an expansionary monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-95.jpg)
What consumer behavior is the FED trying to initiate using an expansionary monetary policy? Increase consumer spending Decrease consumer saving
![How can the FED slow down economic growth using monetary policy How can the FED slow down economic growth using monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-96.jpg)
How can the FED slow down economic growth using monetary policy?
![How can the FED slow down economic growth using monetary policy Sell bonds Raise How can the FED slow down economic growth using monetary policy? Sell bonds Raise](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-97.jpg)
How can the FED slow down economic growth using monetary policy? Sell bonds Raise the RR Raise the DR
![How can the FED stimulate economic growth suing monetary policy How can the FED stimulate economic growth suing monetary policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-98.jpg)
How can the FED stimulate economic growth suing monetary policy?
![How can the FED stimulate economic growth suing monetary policy Buy bonds Decrease the How can the FED stimulate economic growth suing monetary policy? Buy bonds Decrease the](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-99.jpg)
How can the FED stimulate economic growth suing monetary policy? Buy bonds Decrease the RR Decrease the DR
![If the FED keep interest rates low what will happen to the inflation If the FED keep interest rates low, what will happen to the inflation?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-100.jpg)
If the FED keep interest rates low, what will happen to the inflation?
![If the FED keep interest rates low what will happen to the inflation Inflation If the FED keep interest rates low, what will happen to the inflation? Inflation](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-101.jpg)
If the FED keep interest rates low, what will happen to the inflation? Inflation will go up
![What is the difference between monetary policy and fiscal policy What is the difference between monetary policy and fiscal policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-102.jpg)
What is the difference between monetary policy and fiscal policy?
![What is the difference between monetary policy and fiscal policy Monetary policy Fiscal policy What is the difference between monetary policy and fiscal policy? Monetary policy Fiscal policy](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-103.jpg)
What is the difference between monetary policy and fiscal policy? Monetary policy Fiscal policy Used by the FED Used by the government Involves the money supply Involves the government taxing and spending
![If the FED buys bonds what will happen to the money supply interest If the FED buys bonds, what will happen to the money supply, interest](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-104.jpg)
If the FED buys bonds, what will happen to the money supply, interest rate, and unemployment rate?
![If the FED buys bonds what will happen to the money supply interest rate If the FED buys bonds, what will happen to the money supply, interest rate,](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-105.jpg)
If the FED buys bonds, what will happen to the money supply, interest rate, and unemployment rate? Money supply- increases Interest rate- decreases Unemployment rate- decreases
![What are the two government tools used in fiscal policy What are the two government tools used in fiscal policy?](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-106.jpg)
What are the two government tools used in fiscal policy?
![What are the two government tools used in fiscal policy increasing decreasing taxes Increasing What are the two government tools used in fiscal policy? increasing/ decreasing taxes Increasing/](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-107.jpg)
What are the two government tools used in fiscal policy? increasing/ decreasing taxes Increasing/ decreasing government spending
![Considering the goals of fiscal policy under what circumstances would the government use Considering the goals of fiscal policy, under what circumstances would the government use](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-108.jpg)
Considering the goals of fiscal policy, under what circumstances would the government use a contractionary fiscal policy?
![Considering the goals of fiscal policy under what circumstances would the government use a Considering the goals of fiscal policy, under what circumstances would the government use a](https://slidetodoc.com/presentation_image_h2/e9383ae1d6347232585ae83efef6b8af/image-109.jpg)
Considering the goals of fiscal policy, under what circumstances would the government use a contractionary fiscal policy? If there is an inflationary period, the government would initiate a contractionary fiscal policy to reduce AD and slow down the economy (reduce the rate of inflation).
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