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100
In what city were the first infections of COVID-19 discovered?
Wuhan, China
100
Which animal appears on both the Porsche and Ferrari logo?
A horse
100
Which artist is known for the songs "Levitating" and "Don't start now?"
Dua Lipa
100
Where is the tallest skyscraper in the United States and what is it called?
New York City, One World Trade Center
100
I was an Egyptian queen, and my death marked the end of the Ptolemaic Kingdom.
Cleopatra
100
Mastercard
100
In the circular flow model, households primarily supply what to firms?
Factors of production (labor, capital, land, and entrepreneurship)
100
Real GDP uses prices from this type of year.
base year
200
True or False: You can see the Great Wall of China from space.
False
200
Which language has the most native speakers
Mandarin Chinese
200
This company developed the PlayStation
Sony
200
This state is nicknamed the "Sunshine State."
Florida
200
I founded the Mongol Empire, and my descendants ruled the largest contiguous empire in history.
Genghis Khan
200
Lufthansa
200
What are the four components of GDP using the expenditure approach?
Consumption (C), Investment (I or Ig), Government spending (G), and Net Exports (X − M).
200
This measure of inflation tracks prices paid by consumers using a fixed basket of goods.
Consumer Price Index (CPI)
300
What is the second largest country on Earth?
Canada
300
What is the human body's largest organ?
Skin
300
What is the longest running animated TV show in history?
The Simpsons
300
This American city is home to the Space Needle, and the TV show Grey's Anatomy
Seattle
300
I was the first person to win two Nobel Prizes, and the notebooks I used are still radioactive today
Marie Curie
300
Airbnb
300
Unemployment typically continues rising even after a recession officially ends, making it this type of indicator.
lagging indicator
300
A rise in foreign demand for a country's exports causes this to happen to the country's currency in the foreign exchange market.
appreciation
400
This country has four official languages: German, French, Italian, and Romansh.
Switzerland
400
What is the only mammal that can truly fly?
A Bat
400
What's the most popular emoji?
The laughing crying face 😂
400
Philadelphia is famous for this sandwich made with thinly sliced beef and melted cheese.
Cheesesteak
400
I challenged the idea that Earth was the center of the universe, and my model placed the Sun at the center of the Solar System
Nicolaus Copernicus
400
Versace
400
The Rule of 70 estimates that an economy growing at 7% annually will double in approximately this many years
10 years
400
Consumer confidence begins falling months before unemployment rises. Consumer confidence is this type of indicator.
leading indicator
500
This European capital is built on 14 islands connected by more than 50 bridges.
Stockholm
500
What can fill up a room but takes up no space?
Light
500
Which company is known for creating the Xbox gaming console?
Microsoft
500
This city is famous for jazz music, Mardi Gras, and beignets
New Orleans
500
I invented dynamite, and left most of my fortune to establish international awards
Alfred Nobel
500
Duo Lingo
500
Foreign investors suddenly buy large amounts of U.S. stocks. This happens to demand for the U.S. dollar.
What is it increases
500
A rise in the price level causes firms to produce more output in the short run because many production costs remain temporarily fixed. This explains why this macroeconomic curve slopes upward.
Short-Run Aggregate Supply (SRAS) curve
600
This Central Asian country is the world's largest landlocked nation
Kazakhstan
600
Which blood type is known as the universal donor?
O negative
600
What is the stage name of Stefani Joanne Angelina Germanotta?
Lady Gaga
600
This state was the last to join the Union.
Hawaii
600
I was born as Agnes Gonxha Bojaxhiu and spent most of my life caring for the poor in Kolkata, India
Mother Teresa
600
Toblerone
600
The government invests heavily in education, infrastructure, and technology. Which aggregate supply curve should shift over the long run? In what direction will it shift?
LRAS shifting to the right
600
Consumer confidence rises sharply, businesses begin applying for more building permits, and new factory orders increase. What phase of the economy are these indicators predicting?
an upcoming expansion
700
This African country has the most pyramids in the world (and it isn't Egypt)
Sudan
700
Which country has the most UNESCO World Heritage Sites?
Italy
700
What year was the first Iphone released?
2007
700
This is the least populous U.S. state.
Wyoming
700
I organized the chemical elements into a table, and left gaps predicting elements that had not yet been discovered.
Dmitri Mendeleev
700
Asics
700
If consumers suddenly become much thriftier, explain what happens in the loanable funds market.
the supply of loanable funds shifts right, lowering the real interest rate
700
Why does GDP exclude used-car sales but include the commission earned by the dealership selling the used car?
the used car was already counted when produced, but the dealership's commission is a newly produced service
800
Which current active volcano is the oldest? Where is it located?
Mount Etna, Sicily, Italy
800
There are two languages that are widely accepted as having the most words. One is English, can you name the other?
Korean
800
What city did rapper Eminem grow up in?
Detroit, Michigan
800
This president's face is carved into Mount Rushmore and appears on the penny.
Abraham Lincoln
800
I have won the FIFA World Player of the Year award six times, representing the Brazilian national team
Marta
800
häagen dazs
800
Explain why higher real interest rates may eventually reduce net exports.
higher rates attract foreign investment, appreciating the currency and making exports less competitive
800
A policymaker observes:
- CPI rising quickly
- Consumer confidence at record highs
- Real GDP above trend
- Very low unemployment
Should policy be more expansionary or contractionary, and why?
contractionary policy, because the economy is likely overheating and inflationary pressures are building