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Transcript
Welcome to...
A Game of X’s and O’s
Modified from a game
Developed by
Presentation
© 2000 - All rights Reserved
[email protected]
1
2
4
7
3
5
8
6
9
Scoreboard
1
2
3
X
4
5
6
O
7
Click Here if
X Wins
Click Here if
O Wins
8
9
1
Define GDP
1
Home
Dollar value of all final g/s
made in a nation in a year.
2
What is frictional unemployment?
2
When you are between jobs
Home
3
What part of GDP increases
when a new factory is built?
3
Home
Investment (business)
4
Who controls the money
supply in the US?
4
The Federal Reserve
Home
5
Give an example of an action during a tight
money policy. During what phase of the
business cycle would this occur?
5
Issuing less money, selling bonds to public, increase interest
rate, increase discount rate. This would occur during rapid
Home
expansion
6
What does “aggregate” supply and
demand refer to?
6
Total supply and demand for
Home
an economy
7
What type of tax system takes a
constant % of income from all
people? Give an example.
7
Proportional
Home
(social security& medicare = FICA)
8
What 2 tools are used in the
fiscal policy?
8
Home
Government spending and
taxes
9
If the federal government is attempting to encourage
spending by consumers, what type of fiscal policy
would be best? What phase of the business cycle
9
Expansionary (decrease
taxes). It would occur during a
Home
contraction.