Federal Reserve
Who appoints the Chair of the Federal Reserve Board?
A) The Secretary of the Treasury
B) The U.S. Congress
C) The President of the United States
D) The Supreme Court
C) The President of the United States
What does GDP stand for?
A) Gross Domestic Product
B) General Domestic Price
C) Gross Development Plan
D) General Demand Price
A) Gross Domestic Product
The state of being without a job while actively seeking work.
Unemployment
Who wrote the play "Romeo and Juliet"?
A) William Shakespeare
B) Charles Dickens
C) J.R.R. Tolkien
D) Mark Twain
A) William Shakespeare
which band wrote "Smells Like Teen Spirt"
Nirvana
The Federal Reserve was created in which year?
A) 1789
B) 1913
C) 1933
D) 1971
Answer: B) 1913
What does GDP measure?
A) The total value of goods and services produced in a country
B) The total population of a country
C) The total number of exports a country produces
D) The income of all individuals in a country
A) The total value of goods and services produced in a country
Short-term unemployment that occurs when people are between jobs.
Frictional Unemployment
What is the smallest planet in our solar system?
A) Mars
B) Earth
C) Mercury
D) Pluto
C) Mercury
Who sang the song 'Toxic'?
Britney Spears
How many regional Federal Reserve Banks are there?
A) 6
B) 12
C) 14
D) 50
B) 12
Which of the following is NOT included in the calculation of GDP?
A) Consumer spending
B) Government spending
C) Illegal transactions
D) Business investments
C) Illegal transactions
Unemployment caused by changes in the economy or industry, leading to job loss.
Structural Unemployment
In which year did the Titanic sink?
A) 1912
B) 1920
C) 1905
D) 1898
A) 1912
What country singer found himself back on the airwaves in the 2000s with 'Hurt'?
Johnny Cash
Which policy is used by the Federal Reserve to reduce inflation?
A) Increasing the money supply
B) Lowering interest rates
C) Raising interest rates
D) Reducing taxes
C) Raising interest rates
What are the four major components of GDP?
A) Consumption, Investment, Government spending, and Net exports
B) Taxes, Imports, Exports, and Business profits
C) Population, Employment, Income, and Consumption
D) Trade, Inflation, Debt, and Savings
A) Consumption, Investment, Government spending, and Net exports
Job loss due to economic downturns or recessions.
Cyclical Unemployment
Actor Steve Carell plays what memorable character in the popular TV series “The Office”?
Michael Scott
Who sings "HOT TO GO!"
Chappell Roan
Quantitative easing refers to:
A) Decreasing government spending
B) Increasing the federal budget deficit
C) The purchase of securities to inject money into the economy
D) The sale of securities to reduce the money supply
C) The purchase of securities to inject money into the economy
Real GDP is adjusted for:
A) Population growth
B) Exchange rates
C) Inflation
D) Trade balance
C) Inflation
Job loss due to seasonal changes in demand (e.g., holiday workers, farm laborers).
Seasonal Unemployment
What 1994 Quentin Tarantino movie stars John Travolta and Samuel L. Jackson as hitmen?
Pulp Fiction
How old is Taylor Swift
34