Team 1
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Team 2
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Teams
Name
Score
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baam
Lose 20 points!
Oops!
×
magnet
Take 5 points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 25 points!
Oops!
10
×
Is lowering the reserve requirements fitting with loose or tight money policy?
Loose money policy
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Okay!
Check
15
×
Does increasing the discount rate fit with loose or tight money policy?
Tight money policy
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Okay!
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seesaw
Swap points!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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thief
Give points!
5
10
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25
10
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What typically occurs with GDP during a recession?
It decreases.
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5
×
What are reserve requirements?
The amount of money banks must keep at the Federal Reserve.
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15
×
Does decreasing the Federal Funds Rate fit with loose or tight money policy?
Loose money policy
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10
×
What is point 2 showing?
Contraction (it is also possible it is a Recession)
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5
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What happens to GDP when aggregate demand increases
GDP increases.
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15
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In the business cycle, what do we call contraction that lasts for 6 months or more?
A Recession
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10
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What typically happens with inflation during a recession?
It drops.
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15
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Aggregate supply increases when what happens to the price level?
It decreases.
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10
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What is point 3 showing?
Trough
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15
×
Define aggregate demand.
Total demand for all goods and services in an economy at a specific time.
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thief
Give points!
5
10
15
20
25
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 25 points!
Oops!
15
×
Aggregate demand increases when what happens with the price level?
The price level decreases.
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Okay!
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