Powerpoint Jeopardy

1
Powerpoint Jeopardy
Vocabulary GDP Unemployment Inflation Potpourri
10 10 10 10 10
20 20 20 20 20
30 30 30 30 30
40 40 40 40 40
50 50 50 50 50
2
The amount of goods and services that will be
purchased at all possible price levels.
3
The lowest point in an economic contraction.
4
The point during the business cycle when real GDP
stops rising.
5
Key economic variables that economists use to
predict a new phase of the business cycle.
6
A situation where inflation occurs during an
economic contraction.
7
What is the equation for the expenditures
approach to calculating GDP?
8
Which type of GDP is adjusted for inflation?
9
What do you call GDP measured in CURRENT dollars?
10
What economic indicator is plotted on a graph to
create the business cycle?
11
What is the only component of GDP to have
consistently negative numbers?
12
Unemployment that occurs as a result of harvest
schedules or vacations or when industries slow
or shut down for a season.
13
Unemployment that occurs simply because people
are in-between jobs.
14
Unemployment that occurs when workers skills do
not match the jobs that are available.
15
Unemployment that rises during economic downturns
and falls when the economy improves.
16
The US reaches full employment when it has no
_____ unemployment.
17
________ is defined as the ability to purchase
goods and services.
18
Theory of inflation that states that too much
money in circulation causes inflation.
19
Theory of inflation that states that inflation
occurs when producers raise prices in order to
meet increased costs.
20
Theory of inflation that states that inflation
occurs when demand for goods and services
exceeds existing supplies.
21
The process by which rising wages cause higher
prices, and higher prices cause higher wages.
22
What important economic indicator is used to
calculate the rate of inflation?
23
An economic contraction lasting at least 2
consecutive quarters is referred to as a _____.
24
What is the best indicator of a nations
standard of living?
25
Those who give up on trying to find work are
referred to as ______.
26
What TWO types of capital can firms invest in in
order to deepen capital?