3. THIS IS

4. With Host... Your

5. 100 200 300 400 500 Short and Long Run Aggregate Supply Phillips Curve and Laffer Curve Causes of Economic Growth Economic Growth VocabularyPotpourri

6. In terms of aggregate supply, a period in which nominal wages and other resource prices are unresponsive to price-level changes is called the ___________ A 100

7. In terms of aggregate supply, the difference between the long run and the short run is that in the long run ________________ A 200

8. Other things equal, an increase in the price level will _________ A 300

9. Other things equal, the short- run aggregate supply curve shifts positions when ___________ A 400

10. If government uses fiscal policy to restrain cost-push inflation, we can expect ___________________ A 500

11. B 100

12. B 200

13. The main criticism of the Laffer Curve is __________ B 300

14. An adverse supply shock can cause this economic problem. B 400

15. Inflation accompanied by rising unemployment is known as ________ B 500

16. Economic growth is usually depicted graphically as ____________. C 100

17. C 200 An increase in an economy's labor productivity would shift curve ________________

18. C 300 Labor productivity is defined as ____________

19. DAILY DOUBLE C 400 DAILY DOUBLE Place A Wager

20. Suppose total output (real GDP) is $4000 and labor productivity is 8. We can conclude that _________ C 400

21. Suppose total output (real GDP) is $10,000 and worker- hours are 20,000. We can conclude that ________ C 500

22. Give one of the reasons that economic growth may not be a “good” thing D 100

23. Give two reasons why economic growth may be a “good” thing D 200

24. The largest contributor to increases in the productivity of American labor is ___________ D 300

25. The fact that large producers may be able to use more efficient technologies than smaller producers is usually referred to as ___________. D 400

26. Increases in the value of a product to each user, including existing users, as the total number of users rises are called ______________ D 500

27. This was recently named after Stephen Colbert E 100

28. The first game of the Philadelphia Eagles’ season will be played at this team’s stadium. E 200

29. E 300 The Phils play five games in seven days against this rival in first days of May

30. The quote “He conquers who endures” is located here in Mr. Masucci’s room. E 400

31. What is the quote and author of that quote on the outside of Mr. Masucci’s door? E 500

32. A view of macroeconomics that emphasizes the role of costs and aggregate supply in explaining inflation, unemployment and economic growth. F 100

33. Sudden, large changes in resource prices. F 200

34. Increases in quality/quantity of natural and human resources, the supply of capital goods and improvement of technology F 300

35. The idea that a product can be produced once, but satisfy the needs of many customers. F 400

36. Period characterized by accelerated growth (productivity and economic) caused by rapid technological increases and global trade. F 500

37. The Final Jeopardy Category is: Economic Growth Please record your wager. Click on screen to begin

38. List and fully describe the three main factors of economic growth. Click on screen to continue

39. Thank You for Playing Jeopardy! Game Designed By C. Harr-MAIT