Recessions - Study guides, Class notes & Summaries

RMI 2101 Exam 1 (Temple University) Already Graded A Risk is the uncertainty about future losses or outcomes Probability likelihood that an outcome or event will occur Pure Risk is a chance of loss or no loss but no chance for gain; always undesirable Good Example of Pure Risk? You own a building, it will either burn or not burn, either way your financial responsibility remains constant. Pay the for the up keep of the building or suffer financial loss if building burns. Specu...

business cycleAlternating periods of economic expansion and economic recession (components trough recession peak recovery- a business cycle is the cycle of the economy which includes recessions, troughs, recoverys, and peaks.) Real vs. Nominal GDPreal GDP is GDP adjusted for inflation, while nominal GDP is just nominal and is not adjusted for inflation. Total final value of goods and services produced in a year (Gross Domestic Product) SeasonalityA repeated pattern of spikes or drops i...

NC BLET 2022 ETHICS FOR PROFESSIONAL LAW ENFORCEMENT WITH COMPLETE SOLUTIONS 100% ___________ occurs when law enforcement uses more force than is necessary to meet the threat. - correct answer Brutality and excessive force _____________ occurs when an officer uses his/her position for personal benefit in the form of cash, property, sex, drugs, food, or preferred assignment. - correct answer Graft, Bribery, and classic corruption 4 Ethical Dilemmas most frequently encountered by Law Enf...

Purdue ECON 252 Final Exam Questions and Answers Already Passed Properties of economic fluctuations 1) Co-movement in economic aggregates 2) Limited predictability 3) Persistence in the rate of growth The Great Depression of 1929‒1933 illustrates the three key properties of economic fluctuations Aggregate A whole formed by combining several (typically different) elements Marginal product of labor When output price rises, the labor demand curve shifts to the right - more labor is demanded at...

Reporters are fond of the phrase, "Consumers are more than two-thirds of the economy." They mean that correct answers household consumption spending is more than two-thirds of total gross domestic product. Gross Domestic Product accountants measure the contribution of government to GDP by correct answers adding up the value of inputs that governments buy. The percentage change in a price index from 2014 to 2015 is correct answers the inflation rate for 2015. Cyclical unemployment ...

Most economists agree that the focus of the fiscal policy is to correct answers Balance aggregate demand and aggregate supply The fallacy in the strict crowding-out argument comes from supposing that correct answers The economy's flow of savings is fixed If personal income taxes are increased disposable income and consumption correct answers Decrease Money is an imperfect store of value when correct answers a. the rate of inflation is high. One of the practical issues in the choice ...

Money & Banking Final from practice test and actual exams A rising stock market index due to higher share prices a. decreases people's wealth, but is unlikely to increase their willingness to spend b. increases people's wealth and as a result may increase their willingness to spend c. decreases the amount of funds that business firms can raise by selling newlyissued stock d. increases people's wealth, but is unlikely to increase their willingness to spend - CORRECT ANSWER b. increase...

Econ 2006 final Exam Questions with 100% Correct Answers macroeconomics - conveys the overall health of the economy using such measures as unemployment, inflation, and economic growth rates microeconomics - the study of how individual households and firms make decisions and how they interact in markets fiscal policy - using taxes and government spending to shape economic conditions monetary policy - using the money supply to change interest rates to increase or decrease consumption and ...

3 types of unemployment correct answers --cyclical --frictional --structural cyclical unemployment correct answers the increase in unemployment that occurs during recessions and depressions frictional unemployment correct answers unemployment due to normal turnover in the labor market; used to denote short-run job/skill-matching problems structural unemployment correct answers unemployment due to changes in the structure of the economy that result in a significant loss of jobs in cert...

TEST BANK FOR MACROECONOMICS, 10TH EDITION N. GREGORY MANKIW Note Answers at the end of every chapter Macroeconomics does not try to answer the question of: why some countries experience rapid growth. what is the rate of return on education. why some countries have high rates of inflation. what causes recessions and depressions. A typical trend during a recession is that: the unemployment rate falls. the popularity of the incumbent president rises. incomes fall. the inflation rate r...