<p>Weekly Review Quiz as of 2009-05-14 Economics: Macro </p><p>Fed Sees Up to $599 Billion in Bank Losses by David Enrich, Robin Sidel and Deborah Solomon 05/08/2009 http://online.wsj.com/article/SB124172137962697121.html </p><p>1. The government ordered 10 of the nations largest banks to ______. a) sell shares directly to the government b) close down c) raise a combined $599 billion in capital to cushion themselves * d) raise a combined $74.6 billion in capital to cushion themselves e) curtail lending and hoard cash </p><p>Jobless Rate Rises But Pace of Losses Eases by Justin Lahart 05/09/2009 http://online.wsj.com/article/SB124178530342200595.html </p><p>2. The economy ______fewer jobs in April than in March indicating ______a) gained; the economy is losing momentum b) gained; the economy is recovering * c) lost; the economy is no longer deteriorating as quickly as it was earlier this year d) lost; the economy has bottomed out and is beginning to recover e) gained; the economy has bottomed out and is beginning to recover</p><p>Deflation May Be Down, but It's Not Out by Mark Gongloff and Jeff D. Opdyke 05/11/2009 http://online.wsj.com/article/SB124199634745704787.html </p><p>3. For the U.S., the overall CPI is ______from last year but core CPI is ______a) unchanged; up b) down; up c) up; down; d) up; relatively stable; * e) down; relatively stable</p><p>World Regains Taste for Risk by John Lyons, Alex Frangos and Alastair Stewart 05/11/2009 http://online.wsj.com/article/SB124199974259405055.html </p><p>4. Early in the economic crisis, investors fled emerging markets. That trend is starting to ______which is causing currencies in those markets to ______. a) worsen; appreciate b) worsen; depreciate * c) reverse; appreciate d) reverse; depreciate e) stabilize; depreciate</p><p>The Curse of the Class of 2009 by Sara Murray 05/09/2009 http://online.wsj.com/article/SB124181970915002009.html </p><p>5. A person who graduates from college during a recession a) will fare no worse than a person who graduates during an economic expansion. b) will earn $100,000 more over the first 18 years of his/her career compared to a person who graduates during an expansion. * c) will earn $100,000 less over the first 18 years of his/her career compared to a person who graduates during an expansion. d) will suffer less unemployment compared to a person who graduates during an economic expansion. e) will be worse off compared to a person who has only a high school degree.</p>