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Transcript
Macroeconomics Baseball Review
Singles:
Is work done by housewives considered part of GDP?
Are most goods bought by the government @ the federal or state level?
Are taxes classified as leakages or injections?
When did the US gov’t start to fight poverty? (Lyndon Johnson)
Which country suffered hyper-inflation in the early 1920s?
Whom does inflation help?
What is currency?
Which ethnic group suffers the most from poverty?
Which age group suffers the most from poverty?
About what percent of money is currency?
Are interest rates higher or lower during Christmas?
Where is the Federal Reserve bank on the west coast?
Doubles:
What is the term that means GDP per person?
Of the three things we spend money on, what do we spend the most on?
Which region of the country has the greatest concentration of poor people?
Which population centers have the lowest concentration of poor people?
What was the unemployment rate in the US during the Great Depression?
What type of unemployment was Flint suffering after the plant shut downs?
Whom does inflation hurt?
Demand-pull inflation is caused by what?
What is frictional unemployment?
Who controls the money supply in the US?
How does the Federal Reserve handle our money needs?
Triples:
What does GDP stand for?
Which curve measures income inequality?
What would a Gini Coefficient of 1 indicate?
Which state has the highest poverty?
Cost push inflation is caused by what?
What can the government do to help structural unemployment?
Who is the current chairman of the Federal Reserve?
Homeruns:
What are the top two industries in America today?
Which variable has the highest correlation with income?
Which state has the lowest poverty?
Deflation is caused by what?
What are the two ways an economy can increase its production possibilities?