Economics Final 3
Quiz by April MacNamee
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18 questions
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- Q1Slowdown or stoppage of work until demands are metStrike30s
- Q2Money can be easily transported from one place to anotherPortability30s
- Q3You can make change from moneyDivisibility30s
- Q4Anything that is used in the exchange of goods and servicesmedium of exchange30s
- Q5organization of workers to increase working conditionslabor union30s
- Q6store of value, unit of account and medium of exchangethree functions of money30s
- Q7Type of unemployment that occurs when people take time to find a jobFrictional unemployment30s
- Q8unemployment connected to a downturn in the economyCyclical unemployment30s
- Q9unemployment that occurs when workers' skills do not match the jobs that are availableStructural unemployment30s
- Q10joblessness of workers in a seasonal industrySeasonal unemployment30s
- Q11The possibility of loss or failure on an investmentRisk30s
- Q12federal reserve policies lowering interest rates, reserve requirements and buying bondsExpansionary monetary policy30s
- Q13government policies of raising taxes and declining spendingContractionary fiscal policy30s
- Q14when quantity demanded is more than quantity suppliedExcess demand30s
- Q15the portion of people in the labor force who are not workingUnemployment rate30s