Weekly Review Quiz as of 2009-06-25
Economics: Macro
Markets Fall on Growth Fears
by E. S. Browning
06/23/2009
http://online.wsj.com/article/SB124566798968736745.html
1. A World Bank report
a) suggested that the world economy has started to rebound.
b) noted rising inflation is their primary concern.
c) suggested that fiscal policy measures have worsened the global recession.
d) warned that slow growth in China is worsening the global recession.
* e) warned that the economy would contract more than they previously forecasted.
Housing Statistics Need Closer Inspection
by Mark Gongloff
06/23/2009
http://online.wsj.com/article/SB124570817652538675.html
2. Housing statistics may be skewed by the fact that
a) there are now more low-priced homes coming on the market for sale.
* b) there are now more high-priced homes coming on the market for sale.
c) the government agency responsible for collecting housing data has laid off a large fraction of its workforce.
d) prices of high-priced homes have soared.
e) summer months are prime months for home sales.
Fed on Hold as Slump Eases
by Sudeep Reddy and Geoffrey T. Smith
06/25/2009
http://online.wsj.com/article/SB124586613456948709.html
3. In its most recent policy statement, the Federal Reserve noted that the U.S. economy is
a) recovering quickly but deflation remains a concern.
b) still contracting but inflation remains a concern.
c) still contracting and deflation is still a concern.
* d) likely to remain weak, and inflation will remain subdued for some time.
e) likely to remain weak and deflation is a major concern.
Fed Move: Someone's Sure to Be Surprised
by Mark Gongloff
06/24/2009
http://online.wsj.com/article/SB124579167872643659.html
4. Stock market volatility tends to ______around the time of Fed policy meetings indicating that the Fed could still be ______about its intentions.
a) increase; less gloomy
* b) increase; more transparent
c) increase; more secretive
d) decrease; more transparent
e) decrease; more secretive
Unemployed Hit the Road to Find Jobs
by Jennifer Levitz
06/25/2009
http://online.wsj.com/article/SB124587593994649417.html
5. Anecdotal evidence suggests that more
a) families are choosing to stay together despite the rise in unemployment.
b) people are finding work close to home but the U.S. Census reports that more people are moving to find employment.
c) people are traveling long distances to find employment and the U.S. Census reports an increase in mobility.
* d) people are traveling long distances to find employment but the U.S. Census does not report an increase in mobility.
e) people are moving to find employment and they are taking their families with them.