Transcript Macro Review Jeopardy - North Allegheny School District

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but Reagan
Federal
Reserve
Trivia
Crack
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Da Business
Cycle
Periods of the business cycle
marked by deflation
A 100
Contraction and Trough
A 100
Periods of the business cycle
when inflation typically rises
A 200
Expansion and Peak
A 200
Period of the business cycle marked
by continued growth, rising
employment, rising wages,
increased supply, and 3% inflation.
All indicators lead us to believe this
growth will continue.
A 300
Expansion
A 300
List the 4 stages of the
business cycle
A 400
Expansion, Peak,
Contraction, Trough
A 400
Which type of market structure is
necessary for an economy to truly
reflect the will and desires of the
people?
(Typically this involves a minor degree
of government intervention)
A 500
Free Market System
A 500
If the money supply is
tightened what is the impact
on interest rates?
B 100
Interest rates rise
B 100
If an economy is
experiencing inflation what
happens to the value and
purchasing power of a dollar?
B 200
It buys less/worth less
B 200
If the money supply is loose in which
stages of the business cycle is the
economy most likely operating?
B 300
Contraction or Trough
B 300
If unemployment rates fall,
suppliers produce more, and
costs rise what will happen to
the price of borrowing
money?
B 400
It becomes more expensive
B 400
What range of percentages of inflation
is considered to be normal during a
period of economic growth?
B 500
3-5% is considered
acceptable
B 500
Which branch of the Federal
Government evaluates jobless
claims and filings for
unemployment benefits?
C 100
Bureau of Labor Statistics
C 100
FedEx, UPS, and the USPS
typically hire additional
temporary workers during the
busy holiday season. What
form of employment is this?
C 200
Seasonal
C 200
A female partner at Reed
Smith LLP decides to give up
her career in law for a period
of time to raise a family.
What type of unemployment
is this?
C 300
Frictional
C 300
After the Attorney General issues a
warning about cellular phones and their
apparent link to brain cancer the overall
demand for phones quickly falls. As a
result Apple and Samsung reduce their
workforces and layoff 10,000 employees.
C 400
Structural
C 400
If unemployment is rising and prices
are rising this is known as…
C 500
Stagflation
C 500
An increase in the # of people
the want a specific good
D 100
Demand Pull Inflation
D 100
Overall increase in the cost of
FOP’s that is passed on to the
consumer by raising prices
D 200
Cost Push Inflation
D 200
Comcast decides to raise monthly cable
prices because they can. If you don’t
like it too bad. This form of inflation is
typical of oligopolies and monopolies.
D 300
Administrative Inflation
D 300
The cost of ice skates rises in
the winter months and drops
during the summer.
D 400
Seasonal Inflation
D 400
This nation is currently dealing with a
deteriorating Ruble in comparison to
the Greenback, and is seeing prices of
goods skyrocket due to market
instability and continued production by
the Organization of Petroleum
Exporting Countries.
D 500
Russia
D 500
Who is the current chair of
the Federal Reserve?
E 100
Janet Yellen
E 100
How many Federal Reserve
Districts are there in the
United States of America?
E 200
12
E 200
Where is the closest Federal Reserve Bank
in relation to Pittsburgh, PA?
E 300
Cleveland, Ohio
E 300
What type of policy is controlled
by the Federal Reserve?
E 400
Monetary Policy
E 400
What does the F.O.M.C. stand for?
(They control interest rates and
monetary policy in the USA)
E 500
Federal Open Market Commission
E 500
Where do the Pittsburgh Steelers play
this weekend in the AFC Divisional
Playoff game?
F 100
Denver, Colorado
F 100
Who is the current Speaker of the
House of Representatives? And
what state is he from?
F 200
Paul Ryan and Wisconsin
F 200
Yesterday there was an ISIL
related terrorist attack in
Istanbul. What country is
Istanbul a part of?
F 300
Turkey
F 300
Who are the 2 current front runners from
the Democratic party in the approach to
the Iowa primary election?
F 400
Bernie Sanders and Hillary Clinton
F 400
Who delivered the Republican party’s
rebuttal last night following the State of
the Union?
*500 Point Bonus: What position does
she serve as and what state is she from?
F 500
Nikki Haley
*Governor of South Carolina
F 500