Exam 1: Introduction to Macroeconomics

Which of the following is not one of the six key variables in macroeconomics?

The yield curve shows the difference between

In 2000 prices, real GDP per worker has reached a level of approximately

Since the early 1980s, real interest rates have generally been _______ the levels of the 1960s and 1970s.

When interest rates increase,

Unemployment which is the result of a downturn in the business cycle is called __________ Unemployment.

Since the early 1980s, the gap between short-term and long-term real interest rates has been _______ the levels of the 1960s and 1970s.

The two major macroeconomic policy of the government are

Macroeconomists

Estimates of the value and composition of economic activity are the fundamental data of macroeconomics and are principally contained in

In the first half of the 2000s, real GDP in the United States was

Real GDP per worker approximately _________ since 1890.

Fluctuations in production and employment are commonly referred to as

The ________________ is the best indicator of how well the economy is doing relative to its potential output.

In the latter half of the 1990s, real GDP in the United States was

Which of the following is not one of the six key variables in macroeconomics?

Which of the following is not likely to be considered part of economic activity?

At the end of 1982, the unemployment rate in the United States

Which of the following is not a reason to study macroeconomics?

Microeconomists