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Fortnite
Fortnite (again)...
State Capitals
Potpourri
200
This is the direction the AD curve will shift when a decrease in interest rates lowers the cost of borrowing, encouraging higher levels of consumption and investment.
What is: This shifts the AD curve to the right?
200
The AD curve shifts this direction, and this happens to the equilibrium output and price level in the short run when government spending increases.
What is the Aggregate Demand (AD) curve shifts to the right, resulting in higher equilibrium output and price level as the economy moves to a new short-run equilibrium?
200
The supply curve in macroeconomics shows this: Answer: The relationship between price levels and the quantity of goods and services that producers are willing to supply.
What is: The relationship between price levels and the quantity of goods and services that producers are willing to supply?
200
The LRAS curve represents this.
What is: The maximum sustainable output of an economy, assuming all resources are fully utilized?
200
True or False:
GDP measures how happy or satisfied people are in a country.
False.
GDP only measures the value of goods and services produced. It doesn’t tell us anything about people’s happiness, health, or overall quality of life.
200
This is when people who are actively looking for work cannot find a job. It includes those who are willing and able to work but don’t have a job.
What is unemployment?
400
These three effects make the Aggregate Demand curve slope downward.
What are Wealth Effect, Interest rate effect, Exchange rate effect?
400
A temporary spike in oil prices will impact the Short-Run Aggregate Supply (SRAS) curve in this direction, and this will happen to inflation and output.
What is: The SRAS curve shifts to the left, leading to higher inflation (price level) and lower output, a situation known as stagflation.
400
The supply curve does this when production costs decrease.
What is the supply curve shifts to the right?
400
This is the name of the artist that hosted a virtual concert in Fortnite that led to deaths of numerous players because of overcrowding issues.
Who is Jacques Bermon Webster II?
400
What is Topeka, KS?
400
This is the season when the drum gun released.
What is Season 9?
600
This component of Aggregate Demand increases when players spend V-Bucks on new skins, emotes, and battle passes.
What is consumption?
600
If Fortnite lowers its in-game currency prices, causing players to purchase more items, this effect comes into play and explains why the Aggregate Demand curve slopes downward.
What is the wealth effect?
600
This is how much c4 can one hold in their inventory at once assume each player has 5 slots to store it.
What is 30 C4?
600
This skin came out on October 26, 2017. (Hint: Think about skins that came out on 2017).
What is Renewade Waider?
600
True or False: GDP shows if money is shared equally among people.
What is False.
GDP adds up everything a country makes, but it doesn’t show if the money is shared fairly or if only a few people are getting most of it.
600
This type of unemployment happens when the economy slows down, and businesses lay off workers. This type of unemployment happens when people are between jobs or just starting to look for work.
What is the difference between cyclical unemployment and frictional unemployment?
800
These are the components of Aggregate Demand (AD).
What are C (Consumption), I (Investment), G (Government Spending), and NX (Net Exports)?
800
This happens to the AD curve when consumer confidence decreases, and this is the result in the AD-AS model.
What is: A decrease in consumer confidence shifts the AD curve to the left, causing lower output and a lower price level in the short run?
800
This is the number Matthew Max (Materials) count brought back in Fortnite to commemorate the gone-to-soon, heavenly JuiceWRLD.
What is 999?
800
This is why the LRAS curve is vertical.
Why is: Because in the long run, output is determined by factors like technology and resources, not by price levels?
800
Capital of this state.
What is Helena, Montana?
800
This was the original name of the island before it was known as the “Battle Royale Island”.
What is Athena?
1000
When Joe buys a bigger jetski to support the weight of JP for the lake and Rhyus invests in upgrading NCAA for new wager bets, they’re contributing to this curve shift in the AD-AS model.
What is a rightward shift in Aggregate Demand?
1000
Explain how a decrease in interest rates affects the Aggregate Demand curve.
What is: A decrease in interest rates lowers the cost of borrowing, encouraging higher levels of consumption and investment. This shifts the AD curve to the right?
1000
These are two factors that can cause a shift in the short-run aggregate supply (SRAS) curve.
What are: Changes in input prices (like wages) and changes in productivity?
1000
Assuming Ninja (aka Tyler Blevins) is a skin in Fortnite, name his infamous haircut that is still massive.
What is: The infamous lower taper fades.
1000
True or False: GDP overlooks environmental damage and resource use.
What is True: GDP doesn’t subtract the costs of pollution or using up natural resources. It might count cutting down trees as growth but doesn’t show the loss of forests.
1000
The unemployment rate does not include these people: not looking for work (retirees, students, or discouraged workers).
Who is not included in the unemployment rate?
1200
Mark tries to shoot a firework at Jack and damages Joe’s boat dock, reducing boating and causing higher costs for repairs. This event affects the AD-AS model by shifting this curve.
What is the Short-Run Aggregate Supply (SRAS) curve?
1200
If all the guys lose interest in Jackbox TV because John makes a mean comment about Jaxon and Connor's mom and the demand for creepy house walks goes down because Joe and Cam can’t rally, this impact on aggregate spending leads to a shift in this direction for the Aggregate Demand curve.
What is a leftward shift?
1200
This is the Damage Per Second of the assault rifle dropped by the Rock (aka Dwayne the Wock Johnson) NPC in Fortnite.
What is 209 DPS.
1200
These effects would cause the LRAS curve to shift to the right.
What are: Improvements in technology or an increase in the availability of resources.
1200
This is the capital of this state.
What is Montpelier, Vermont?
1200
This was Ninja’s original gamer tag.
What was NinjasHyper?