Download Jeopardy - lc

Jeopardy
GDP
Inflation or
Unemployment
Money
FED &
Money Supply
Investments
Q $100
Q $100
Q $100
Q $100
Q $100
Q $200
Q $200
Q $200
Q $200
Q $200
Q $300
Q $300
Q $300
Q $300
Q $300
Q $400
Q $400
Q $400
Q $400
Q $400
Q $500
Q $500
Q $500
Q $500
Q $500
Final Jeopardy
$100 Question from GDP
How often is GDP calculated?
$100 Answer from GDP
Quarterly ((so you can make future
plans every 3 monthes)
$200 Question from GDP
During an Expansion what is the
GDP doing?
$200 Answer from GDP
Going up
$300 Question from GDP
What is it called that the GDP
Goes back and forth from contracting
To expanding?
$300 Answer from GDP
Business Cycle
$400 Question from GDP
What are the high AND low
GDP points in the business cycle?
$400 Answer from GDP
Peak = High
Trough = Low
$500 Question from GDP
Of the following people two are in GDP
1) Services completed by a company
2) The value of doing your own home repairs
3) The sale of a used car
4) The value of buying a new house
$500 Answer from GDP
1)
Services completed by a company (YES!)
2) The value of doing your own home repairs (No under the table)
3) The sale of a used car (No Used!)
4) The value of buying a new house (Yes!)
$100 Question from Inflation or
Unemployment
When these measures are high
Or going up. They could either
By caused by, or cause what?
$100 Answer from Inflation or
Unemployment
Recession
$200 Question from Inflation or
Unemployment
Inflation (or Deflation) is measured
Looking at the ?
$200 Answer from Inflation or
Unemployment
CPI (Consumer Price Index)
$300 Question from Inflation or
Unemployment
The CPI measures a ________
Which is a representative selection
Of commonly purchased goods and
services
$300 Answer from Inflation or
Unemployment
The CPI measures a _MARKET BASKET
Which is a representative selection
Of commonly purchased goods and
services
$400 Question from Inflation or
Unemployment
If you choose not to work or are
Disabled you are NOT unemployed
Because you are not:
$400 Answer from Inflation or
Unemployment
Not: in the Labor Force
$500 Question from Inflation or
Unemployment
If your doing a job for which
You are way overqualified you
Are considered?
$500 Answer from Inflation or
Unemployment
Underemployed
$100 Question from Money
What document gives Congress
Power over money?
$100 Answer from Money
The Constitution
$200 Question from Money
What was the ancient type of money
Where the money could both be used
For a purpose and spend
$200 Answer from Money
Commodity Money (arrowheads for
Example)
$300 Question from Money
What protects your money in
A bank and how much is protected?
$300 Answer from Money
FDIC = $250,000
$400 Question from Money
Name all 3 Properties of Money
$400 Answer from Money
1) Medium of Exchange (widely accepted)
2) Measure of Value (know value so well
everything can be valued in money terms
3) Store of Value (spend in future)
$500 Question from Money
Name 4 Characteristics of money
$500 Answer from Money
Name 4 Characteristics of money
1. Portable (easy to carry)
2. Durable (lasts)
3. Limited Supply (so valuable)
4. Divisible (can give change)
$100 Question from The FED
and Money Supply
Deliberate control of the
Money Supply by the FED is called?
$100 Answer from The FED and
Money Supply
Monetary Policy
$200 Question from The FED
and Money Supply
3 Purposes the FED controls
The money supply
$200 Answer from The FED and
Money Supply
1) Prevent Recession
2) Reduce Unemployment
3) Fight High Inflation
((Remember 2 & 3 are Opposite answers
So it makes the FED’s Job very hard))
$300 Question from The FED
and Money Supply
Fill in all the blanks:
Since banks can only loan out their
_______ reserves, the Fed can lower the
__________ to allow banks to make
more loans and to make a ________
money supply.
$300 Answer from The FED and
Money Supply
Fill in all the blanks:
Since banks can only loan out their
EXCESS reserves, the Fed can lower the
RESERVE REQUIREMENT to allow
banks to make more loans and to make a
LARGER money supply.
$400 Question from The FED
and Money Supply
Which of the following would the FED do
If it was worried about high inflation?
1) Raise Taxes
2) Lower Taxes
3) Raise Interest Rates 4) Lower Interest Rates
$400 Answer from The FED and
Money Supply
High Inflation = Raise Interest Rates
((Makes it harder to borrow money and
Slows inflation/economy. ))
The tax options were tricks. Those are
fiscal options the Pres./Congress can do not
bank options the Fed does.
$500 Question from The FED
and Money Supply
Interest Rates falling lead to more people borrowing
And spending which stimulates the economy and
Expands the $ supply
Describes ________ Monetary Policy
$500 Answer from The FED and
Money Supply
Interest Rates falling lead to more people borrowing
And spending which stimulates the economy and
Expands the $ supply
Describes EASY Monetary Policy
$100 Question from Investments
What are the two factors that
People need to consider when
Making any type of investment?
$100 Answer from Investments
Risk vs. Return
$200 Questions from Investments
Match the type of Bond
(one used twice)
Gov’t Savings =
State Gov’
Municipal
Federal Gov't
Junk
Local Gov’t
Riskiest
$200 Answer from Investments
Match the type of Bond
Gov’t Savings = Federal
Municipal = State & Local
Junk = Riskiest
$300 Question from Investments
__________ are collections of stocks
Purchased by a professional. You can
Even by them that tie directly to popular
Stock benchmarks/indexes like Standard and
Poors Or ____________________
$300 Answer from Investments
Mutual Funds
Dow Jones Industrial Average
$400 Question from Investments
If the business you work for pays you money regularly
After you retire you have a __________.
If they don’t (and its becoming rarer and rarer)
You can take money out of your paycheck tax deferred
To act a personal version with a _____________.
$400 Answer from Investments
Pension = Company Paid
401K = you pay out of your paycheck
$500 Question from Investments
While many investments are good over _____
Periods of time. It is important to ________
Which means to spread your money around to reduce
Risk.
$500 Answer from Investments
While many investments are good over LONG
Periods of time. It is important to DIVERSIFY
Which means to spread your money around to reduce
Risk.
Final Jeopardy
Name all 5 Unemployment Examples
1) Construction Worker Can’t Work in Winter ==
2) Factory Worker laid off specifically because of Recession =
3) Worker who quits while looking for work =
4) Worker laid off because his job is outsourced to china =
5) Worker replaced by computer making robo calls =
Work Bank
Frictional, Structural, Cyclical, Technological,
Seasonal
Final Jeopardy Answer
Name all 5 Unemployment Examples
1) Construction Worker Can’t Work in Winter SEASONAL
2) Factory Worker laid off specifically because of Recession CYLICAL
3) Worker who quits while looking for work FRICTIONAL
4) Worker laid off because his job is outsourced to china STRUCTURAL
5) Worker replaced by computer making robo calls TECHNOLOGICAL
Work Bank
Frictional, Structural, Cyclical, Technological,
Seasonal