This infamous event on December 7, 1941, led the United States to enter World War II.
What is the attack on Pearl Harbor?
This holiday, celebrated on February 14th, is associated with love and the exchange of cards and gifts.
What is Valentine’s Day?
Scientists discovered that the 1998 asteroid QE2 had this following it when it went cruising by Earth in 2013.
What is a moon?
Assume an economy experiencing unemployment below the natural rate. Describe the effects of an increase in personal income taxes on the appropriate curve with inflation and unemployment.
What is: AD to AD2; Inflation would fall (P to P2); Unemployment would rise (Y to YF)?
This England-born Albanian woman discovered she was “levitating” to climb the music charts in 2021.
Who is Dua Lipa?
I can see me now on Christmas morning
Creeping down the stairs
Oh what joy, what surprise
When I open up my eyes
To see a hippo hero standing there
What is I Want a Hippopotamus For Christmas by Joanie Bartel?
These are three immediate causes of a shift in short-run aggregate supply.
What are changes in: Per unit cost of production, productivity, expected inflation?
This is defined as government efforts to maintain or restore full employment and price stability by changing government purchases, transfers, and/or taxes.
What is Fiscal Policy?
This would be the appropriate fiscal policy response for the economy shown in the AS/AD diagram below:
What is decreasing government purchases and transfers, and/or increasing taxes?
This animated TV show, featuring a family of yellow characters, is the longest-running American sitcom.
What is “The Simpsons”?
Assume an economy in a long run equilibrium. Describe how an increase in productivity would affect the price level and real GDP.
What is: SRAS to SRAS2; Inflation would fall (P to P2), and unemployment would fall (Y to Y2)
What a bright time, it's the right time
To rock the night away
Jingle bell time is a swell time
To go glidin' in a one-horse sleigh
What is Jingle Bell Rock by Bobby Helms?
This president vetoed more legislation than any other president.
Who is Franklin Delano Rosevelt?
Assume an economy at full employment. Describe the effects of an increase in the real interest rate - name the affected curve and impact to P and Y. Next, Describe how the economy will respond in the long run assuming no fiscal or monetary policy (curve, P, and Y).
What is: A rise in interest rates will shift AD to AD2, P to P2, Y to Y2. Sticky input prices or lower prices & wages (your choice) will drive SRAS to SRAS2, P2 to P3, and Y2 to YF.
A Russian probe located on this planet captured the first close-up images sent back to Earth in 1975.
What is Venus?
These two identical cuties wore fake teeth while on the set of Full House.
Who are Mary-Kate and Ashley Olson?
Assume the economy is operating below full employment. Describe how an increase in consumer confidence would affect the price level and real GDP.
What is: AD to AD2; Inflation would rise (P to P2); Unemployment would fall (Y to Y2)
I don't want a lot for Christmas
There is just one thing I need
I don't care about the presents
Underneath the Christmas tree
I just want you for my own
More than you could ever know
Make my wish come true
What is All I want for Christmas is You by Mariah Carey?
Out of the nine wars the US participated in, these two lasted the longest.
What are the Revolutionary War and Vietnam War?
This song is a traditional tune sung in the movie “Mean Girls” during the holiday talent show.
What is “Jingle Bell Rock”?
Assume an economy experiencing the natural rate of unemployment. Describe the effect of a sudden increase in the world price of oil on the appropriate curve with inflation and unemployment.
What is: SRAS to SRAS2; Inflation would rise (P to P2), Unemployment would rise (Y to Y2)?
This famous American sitcom featured a Superman reference in every episode.
What is “Seinfeld”?
With fans commonly known as the “Bey Hive”, this artist released her live album “Homecoming” in 2019.
Who is Beyonce?
A crowded room, friends with tired eyes
I'm hiding from you and your soul of ice
My God, I thought you were someone to rely on
Me? I guess I was a shoulder to cry on
What is Last Christmas by Wham!?
These are fiscal policies which go into effect without government having to actively respond because they already exist.
What are Automatic Stabilizers?
Examples of these include marginal tax rates and unemployment compensation.
This former United States president made Thanksgiving, Independence Day, Christmas Day and New Year’s Day federal holidays during his presidency in 1870.
Who is Ulysses S. Grant?
Hell, Billy and Julius Caesar are all a group of moon features given this name.
What are craters?
This type of economic impact is depicted in the graph:
What is a positive AD shock?
This British band, formed in 1968, is known for iconic hits like “Stairway to Heaven.”
Who is Led Zeppelin?
At the Christmas party hop
Mistletoe hung where you can see
Every couple tries to stop
(BEEEEEEEEEEEP)
Later we'll have some pumpkin pie
And we'll do some caroling
What is Rockin’ Around the Christmas Tree by Brenda Lee?