1. Determine how long it takes for an economy to double according to the rule of 70 and its current growth rate.
2. Explain the implications of being risk averse.
3. Explain why a natural rate of unemployment exists.
4. Analyze the presence of unemployment in an economy.
5. Determine how discouraged workers impact the unemployment rate.
6. Analyze the effect of unions and collective bargaining on the labor market.
7. Define the three functions of money.
8. Identify the responsibilities of the Federal Reserve System.
9. Describe the organizational structure of the Fed.
10. Examine the role of monetary policy in governing an economy.
11. Given a statement, identify if it supports why the Federal Reserve does not have perfect control of the money supply.