2. Jeopardy GDP Inflation or Unemployment Money FED & Money Supply Investments Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

3. $100 Question from GDP How often is GDP calculated?

4. $100 Answer from GDP Quarterly ((so you can make future plans every 3 monthes)

5. $200 Question from GDP During an Expansion what is the GDP doing?

6. $200 Answer from GDP Going up

7. $300 Question from GDP What is it called that the GDP Goes back and forth from contracting To expanding?

8. $300 Answer from GDP Business Cycle

9. $400 Question from GDP What are the high AND low GDP points in the business cycle?

10. $400 Answer from GDP Peak = High Trough = Low

11. $500 Question from GDP Of the following people two are in GDP 1)Services completed by a company 2)The value of doing your own home repairs 3)The sale of a used car 4)The value of buying a new house

12. $500 Answer from GDP 1)Services completed by a company (YES!) 2)The value of doing your own home repairs (No under the table) 3)The sale of a used car (No Used!) 4) The value of buying a new house (Yes!)

13. $100 Question from Inflation or Unemployment When these measures are high Or going up. They could either By caused by, or cause what?

14. $100 Answer from Inflation or Unemployment Recession

15. $200 Question from Inflation or Unemployment Inflation (or Deflation) is measured Looking at the ?

16. $200 Answer from Inflation or Unemployment CPI (Consumer Price Index)

17. $300 Question from Inflation or Unemployment The CPI measures a ________ Which is a representative selection Of commonly purchased goods and services

18. $300 Answer from Inflation or Unemployment The CPI measures a _MARKET BASKET Which is a representative selection Of commonly purchased goods and services

19. $400 Question from Inflation or Unemployment If you choose not to work or are Disabled you are NOT unemployed Because you are not:

20. $400 Answer from Inflation or Unemployment Not: in the Labor Force

21. $500 Question from Inflation or Unemployment If your doing a job for which You are way overqualified you Are considered?

22. $500 Answer from Inflation or Unemployment Underemployed

23. $100 Question from Money What document gives Congress Power over money?

24. $100 Answer from Money The Constitution

25. $200 Question from Money What was the ancient type of money Where the money could both be used For a purpose and spend

26. $200 Answer from Money Commodity Money (arrowheads for Example)

27. $300 Question from Money What protects your money in A bank and how much is protected?

28. $300 Answer from Money FDIC = $250,000

29. $400 Question from Money Name all 3 Properties of Money

30. $400 Answer from Money 1)Medium of Exchange (widely accepted) 2) Measure of Value (know value so well everything can be valued in money terms 3) Store of Value (spend in future)

31. $500 Question from Money Name 4 Characteristics of money

32. $500 Answer from Money Name 4 Characteristics of money 1.Portable (easy to carry) 2.Durable (lasts) 3.Limited Supply (so valuable) 4.Divisible (can give change)

33. $100 Question from The FED and Money Supply Deliberate control of the Money Supply by the FED is called?

34. $100 Answer from The FED and Money Supply Monetary Policy

35. $200 Question from The FED and Money Supply 3 Purposes the FED controls The money supply

36. $200 Answer from The FED and Money Supply 1)Prevent Recession 2)Reduce Unemployment 3)Fight High Inflation ((Remember 2 & 3 are Opposite answers So it makes the FED’s Job very hard))

37. $300 Question from The FED and Money Supply Fill in all the blanks: Since banks can only loan out their _______ reserves, the Fed can lower the __________ to allow banks to make more loans and to make a ________ money supply.

38. $300 Answer from The FED and Money Supply Fill in all the blanks: Since banks can only loan out their EXCESS reserves, the Fed can lower the RESERVE REQUIREMENT to allow banks to make more loans and to make a LARGER money supply.

39. $400 Question from The FED and Money Supply Which of the following would the FED do If it was worried about high inflation? 1)Raise Taxes2) Lower Taxes 3) Raise Interest Rates 4) Lower Interest Rates

40. $400 Answer from The FED and Money Supply High Inflation = Raise Interest Rates ((Makes it harder to borrow money and Slows inflation/economy. )) The tax options were tricks. Those are fiscal options the Pres./Congress can do not bank options the Fed does.

41. $500 Question from The FED and Money Supply Interest Rates falling lead to more people borrowing And spending which stimulates the economy and Expands the $ supply Describes ________ Monetary Policy

42. $500 Answer from The FED and Money Supply Interest Rates falling lead to more people borrowing And spending which stimulates the economy and Expands the $ supply Describes EASY Monetary Policy

43. $100 Question from Investments What are the two factors that People need to consider when Making any type of investment?

44. $100 Answer from Investments Risk vs. Return

45. $200 Questions from Investments Match the type of Bond Gov’t Savings = Municipal Junk (one used twice) State Gov’ Federal Gov't Local Gov’t Riskiest

46. $200 Answer from Investments Match the type of Bond Gov’t Savings = Federal Municipal = State & Local Junk = Riskiest

47. $300 Question from Investments __________ are collections of stocks Purchased by a professional. You can Even by them that tie directly to popular Stock benchmarks/indexes like Standard and Poors Or ____________________

48. $300 Answer from Investments Mutual Funds Dow Jones Industrial Average

49. $400 Question from Investments If the business you work for pays you money regularly After you retire you have a __________. If they don’t (and its becoming rarer and rarer) You can take money out of your paycheck tax deferred To act a personal version with a _____________.

50. $400 Answer from Investments Pension = Company Paid 401K = you pay out of your paycheck

51. $500 Question from Investments While many investments are good over _____ Periods of time. It is important to ________ Which means to spread your money around to reduce Risk.

52. $500 Answer from Investments While many investments are good over LONG Periods of time. It is important to DIVERSIFY Which means to spread your money around to reduce Risk.

53. Final Jeopardy Name all 5 Unemployment Examples 1)Construction Worker Can’t Work in Winter == 2)Factory Worker laid off specifically because of Recession = 3)Worker who quits while looking for work = 4)Worker laid off because his job is outsourced to china = 5)Worker replaced by computer making robo calls = Work Bank Frictional, Structural, Cyclical, Technological, Seasonal

54. Final Jeopardy Answer Name all 5 Unemployment Examples 1)Construction Worker Can’t Work in Winter SEASONAL 2)Factory Worker laid off specifically because of Recession CYLICAL 3)Worker who quits while looking for work FRICTIONAL 4)Worker laid off because his job is outsourced to china STRUCTURAL 5)Worker replaced by computer making robo calls TECHNOLOGICAL Work Bank Frictional, Structural, Cyclical, Technological, Seasonal