GDP
Unemployment
Monetary Policy
Fiscal Policy
Inflation
Pot Pourri
100
Country with the highest GDP in the world
What is the U.S.A.
100
This type of unemployment is common after the holiday shopping is completed (think Target)
What is Seasonal Unemployment
100
The Fed stands for
The Federal Reserve Bank of the United States
100
This group of government controls Fiscal Policy
What is Congress
100
Prices rising due to increased spending and economic growth
What is Inflation?
100
Highest Grossing Movie of all time (not Avengers)
What is Gone with the Wind (1939)?
200
GDP Per Capita measures this
What is the average amount a person brings in during the year in the country (average yearly wage)
200
This type of Unemployment is because the skills of the worker are now obsolete
What is Structural Unemployment (Technological Unemployment)
200
This person is the current head of the FED
Who is Jerome Powell?
200
An increase in this will result in less disposable income in your pocket
What are Taxes?
200
The average U.S. Inflation rate
What is between 2-3%?
200
Country with the highest measured inflation in history
What is Hungary in 1946-47
300
Real GDP is GDP adjusted for this
What is Inflation
300
The Natural Rate of Unemployment in the U.S.
What is 3.5-5.5% Unemployment
300
The Fed manipulates these to slow down or speed up the economy
What are interest rates?
300
Two Fiscal tools does Congress directly control
What are Government Spending and Taxes?
300
This happens when Inflation occurs and Unemployment are both high
What is Stagflation?
300
This set of market prices has changed the most since the 1970s
What is the U.S. Healthcare system (followed closely by U.S. colleges)
400
This type of Government Spending is not included in a country's GDP calculation
What are Transfer Payments?
400
This year had the highest rate of Unemployment in almost every state since we have been measuring Unemployment in the U.S.
What is 2020?
400
Pre-2008 The Fed operated off of this type of system
What is the Limited Reserve System?
400
The individual who came up with the concept of governmental involvement in the Economy and father of Macroeconomics
Who is John Maynard Keynes?
400
This recent year saw deflation for the first time since the 1950s
What is 2008?
400
The year the FED was founded
What is 1913?
500
C+I+G+N(m-x)
What is Consumer Spending, Investment, Government Spending, Net Exports and Imports
500
The current rate of Unemployment
**Bonus** What is it in Georgia?
What is 3.4% in the U.S., 3.1% in GA
500
The current most effective tool for Monetary policy
What is IOR (Interest on Reserves)?
500
Name two Automatic Stabilizers (automatic government spending without needing congressional approval)
What are Welfare, Food Stamps, Housing Assistance, Unemployment,
500
This Unit of Measure is how inflation is calculated over time
What is CPI (Consumer Price Index)
500
What is 79.1 Billion Percent a year?