The point at which real GDP reaches its maximum growth during a business cycle is called the:

The period during which real GDP falls during a business cycle is called:

Walk up to Mr. Miller and pronounce this name:  Keynes

How many Federal Reserve district banks are there?

Exhibit 12-1  Business cycleIn Exhibit 12-1, points D to E represent:

The salary of the president of the United States in 2000 was $400,000. In 1940, the president’s salary was $75,000. If the Consumer Price Index was 8.1 in 1940 and 100 in 2000, the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 would be:

Which of the following is not a component of the M1 money supply?

Brain imaging studies have generally found that intelligence is related to:

In a given year, U.S. nominal GDP was $527 billion and the GDP price index for that year is 23.3. Real GDP is:

Classical economists don’t think government should have any role in the economy.  One critique is crowding out.  What does this mean?