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5 Written questions

5 Matching questions

  1. Cyclical Unemployment
  2. Private Investment (I)
  3. Consumption (C)
  4. Discouraged workers
  5. Government Purchases (G)
  1. a individuals who would like a job, but have given up searching for one
  2. b Joblessness arising from changes in production over the business cycle
  3. c The sum of a business plant, equipment, and software purchases, new-home construction, and inventory changes; often referred to as just investment
  4. d Spending by federal, state, and local governments on goods and services
  5. e The part of GDP purchased by households as final users

5 Multiple choice questions

  1. Payments to the owners of resources that are used in production
  2. Joblessness related to changes in weather, tourist patterns, or other seasonal factors
  3. A situation in which there is no cyclical unemployment
  4. The total value of all final goods and services produced for the marketplace during a given year, within the nations borders
  5. A good sold to its final user

5 True/False questions

  1. Transfer paymentAny payment that is not compensation for supplying goods, services, or resources

          

  2. Real VariableA variable measured without adjustment for the dollar's changing value

          

  3. Unemployment RateA situation in which there is no cyclical unemployment

          

  4. Factor Payments approachPayments to the owners of resources that are used in production

          

  5. Involuntary Part-time Workersindividuals who would like a job, but have given up searching for one

          

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