Part 2B. Matching Appendix "A" Key Terms & Concepts: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block letter of your choice from Column "B" in the space provided under column "A" and match the definitions in column "B" withthe meanings orexamples or real world applications or facts or formulas in column "C" by writing the lower letter case of your choice inthe space provided undercolumn "B".
Part 2C. Which of the following Topics or Statements or Questions fall under the category of Macroeconomics or Microeconomics? Write "MICRO" or "MACRO" in the space provided below.
I need only even-numbered questions. Thank you.
?
Chapter 1 What Economics is About & Appendix A: Pre-Class & In-Class Activities Packet Name/I.D. Number: Section: Date: Part 2B. Matching Appendix "A" Key Terms & Concepts: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block letter of your choice from Column "B" in the space provided under column "A" and match the definitions in column "B" with the meanings or examples or real world applications or facts or formulas in column "C" by writing the lower letter case of your choice in the space provided under column "B". Column "A" Column "B" Column "C" 1. Directly Related A. The value of the entire output produced annually within a country's borders. a. About $ 20.trillion for the U.S. in 2019 2. Inversely Related B. The ratio of the change in the variable on the vertical axis to the change in b. Measures rate of change = AY/AX the variable on the horizontal axis. 3. Independent C. Two variables are independent if, as one changes, the other remains constant. c. Negatively related, if x1 - yl 4. Slope D. Two variables are inversely related if they change in opposite ways. d. Positively related, ifx1 - yt 5. Gross Domestic E. Two variables are directly related if they change in the same way e. No predictable relationship exist Product (GDP) between the two economic variables. Part 2C. Which of the following Topics or Statements or Questions fall under the category of Macroeconomics or Microeconomics? Write "MICRO" or "MACRO" in the space provided below. 1. The problem of rising unemployment 2. What might cause interest rates to be low one year and high the next? 3. How do changes in the money supply affect the economy? 4. How do changes in government spending and taxes affect the economy? 5. The economic effects of falling real estate prices on a buyer? 6. What are the differences between the dairy industry and the airline industry? 7. Why are unemployment rates for teenagers rising? 8. Why are prices falling in the digital camera industry? 9. Why is the U.S. experiencing low rates of inflation? 10. How large is Mcdonald's share of the fast food industry? 11. How will the minimum wage rate changes affect your 17 year old brother's budget? 12. Why are interest rates rising? 13. How will the elimination of the capital gains tax affect the level of investment in the US economy? 14. Why are economic growth rates different in the US and China? 15. The exchange rate between the U.S. dollar and Euro has increased over the past few days 16. Trade deficits and the issue of protectionism 17. Monopoly and anti trust issues. 18. The performance of the stock market over the last ten years. 19. The expansionary policy by the Federal Reserve Bank. 20. The introduction of market based solutions to environmental problems("Market Environmentalism") 5
