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Macroeconomics (Crash Course)
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Macroeconomics (Crash Course)
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25 Questions

1. What is it called when someone has a job, but it's less of a job than they want or need. For example, not enough hours.

2. The booms and busts (ups and downs) of the economy is called what?

3. What is the true definition of recession?

4. What are the two types of economics?

5. When the GDP is rising, what happens to unemployment?

6. What does GDP not include

7. What is the most important measure of an economy?

8. What is nominal GDP?

9. What does GDP stand for?

10. Whether or not an economy is growing well is measured via what?

11. What do we call a severe recession?

12. What important problems in employment does the unemployment rate not take into account?

13. What is a person called if they were looking for a job, but then gave up?

14. What event in American history led to there being more thought given to the study of economics?

15. What has been happening to Greece's GDP?

16. cyclical unemployment is due to what?

17. Which type of economics is more often in the news?

18. Why do Economists think people avoid buying things during deflation?

19. Which type of unemployment does a country/government care about lowering?

20. With structural unemployment, why is the worker not having a job?

21. What do economists make based on theoretical models, data, and historical trends?

22. What are the three economic goals of policy makerS?

23. What is the term given to a worker who is between jobs—searching for a new one?

24. The unemployment rate includes only what?

25. What does GDP measure?

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