Midterm Exam Review : PBMF & ESB

Midterm Exam Review : PBMF & ESB

Assessment

Flashcard

Business

9th Grade

Practice Problem

Hard

Created by

Jessica Burke

FREE Resource

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50 questions

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1.

FLASHCARD QUESTION

Front

Who first identified cyclical patterns in the economy and created what is often referred to as "the business cycle"?

Back

Clemente Juglar

2.

FLASHCARD QUESTION

Front

Which of the following describes the growth part of the business cycle?

Back

Occurs when persistent increases in key measurements of aggregate economic activity are present

3.

FLASHCARD QUESTION

Front

Which of the following is NOT an indicator of the business cycle? Labor force, Wages, Labor costs and productivity, Birth rate

Back

Birth rate

4.

FLASHCARD QUESTION

Front

What does the term 'productivity' describe?

Back

Measurement of physical output for each unit of input used, usually referring to labor hours.

5.

FLASHCARD QUESTION

Front

What are the parts of the business cycle?

Back

Peak, Recession, Trough, Expansion

6.

FLASHCARD QUESTION

Front

Which of the following describes the virtuous cycle?

Back

Increase in sales results in increase in production which causes increase in employment leading to increased income which starts the cycle over again.

7.

FLASHCARD QUESTION

Front

Which of the following is NOT a business cycle indicator? Labor Force, National Defense, Personal incomes and consumer attitudes, Out of date products

Back

Out of date products

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