| Macro Question | Answer |
| This type of income is the number of dollars received as wages, rent, interest, or profits | |
| This totals the dollar value of all goods and services produced within the borders of a given country using their current prices during the year that they were produced | |
| This type of income is a measure of the amount of goods and services it can buy | |
| This type of unemployment is caused by a decline in total spending | |
| A store of output that been produced but not yet sold | |
| These type of goods are consumption goods, capital goods and services that are purchased by final user | |
| This type investment involves purchasing stocks, bonds etc. | |
| the bottom of the business cycle | |
| A decline in the price level | |
| These are good and services that are purchased for resale or for further processing or manufacturing. | |
| This indicates that for every one percentage point by which the actual unemloyment rate exceeds the natural rate, a negative GDP gap of two percent occurs | |
| Extraordinarily rapid inflation | |
| This is the measure of the price of a specified collection of goods and services, called a 'market basket' in a given year as compared to the price of an identical collection of go | |
| this type of investment involves the creation and expansion of business enterprises | |
| This measure the value of final goods and services produced within the borders of a given country during a given period of time, typically a year | |
| a period of decline in a business cycle | |
| In determing GDP you can use the income approach or the _____________________ approach | |
| When you receive an adjustment to your income that meets or beats inflation it is better known as this acronym | |
| a period of recovery in a business cycle | |
| In the expenditure approach 'X' sub 'n' stands for | |
| Long-run economic growth and the short-run fluctuations in output and employment are often referred to as the | |
| Those who are potential workers but are not employed and are not seeking work are referred to as | |
| This type of unemployment refers to workers who are either searching for jobs or waiting to take jobs in the near future | |