Weekly Review Quiz As of 2010-02-04

Weekly Review Quiz as of 2010-02-04
Economics: Macro

Deficit to Hit All-Time High
by Jonathan Weisman
02/01/2010

1. To reduce the budget deficit, President Obama is proposing to

a) halt a plan to return astronauts to the moon.
b) eliminate the earned income tax credit.
c) cut spending on brownfield economic development.
d) none of the above.
* e) all of the above.

Market Looks for Evidence of Job Growth
by Kelly Evans
02/01/2010

2. According to recent data, the economy is growing, ____ unemployment is _____ which means it is _____ indicator.

a) and; falling; lagging
b) and; falling; leading
c) and; falling; coincident
d) but; still rising; leading
* e) but; still rising; lagging

Growth Hits 6-Year High
by Justin Lahart
01/30/2010

3. The U.S. economy grew at its ___ pace in six years ____ the pace is ______.

a) slowest; and; indicative of what is likely to come for the next few quarters
b) slowest; and; likely to drop further as inventory investment picks up over the next few quarters
c) slowest; but; likely to pick up next quarter as inventories are re-stocked
d) fastest; and; likely to continue as strong
* e) fastest; but; unlikely to continue as strong

Bernanke Wins New Term
by Jon Hilsenrath and Sudeep Reddy
01/29/2010

4. Mr. Bernanke ____ a second ___ year term as ____.

a) failed to win; four; Treasury Secretary
b) failed to win; four; Federal Reserve Chairman
c) won; four; Treasury Secretary
* d) won; four; Federal Reserve Chairman
e) won; fourteen; Federal Reserve Chairman

5. Gold prices have ______and yields on U.S. Treasury bonds have ______which indicates that markets believe the Fed's independence and inflation-fighting resolve has _____.

a) fallen; risen; not weakened
* b) fallen; been stable; not weakened
c) risen; been stable; weakened
d) risen; fallen; weakened
e) risen; risen; not weakened