macroeconomic indicators

macroeconomic indicators

Assessment

Quiz

Created by

Leila Austin

Other

12th Grade

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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A general increase in prices is known as
Deflation
Inflation
Stagflation
Depression

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a typical business cycle model, which stage immediately follows a trough?
Contraction
Peak
Recession
Expansion

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is happening to the economy in a period of economic contraction?
Real GDP is rising and unemployment is falling.
Real GDP is rising and unemployment is rising.
Real GDP is falling and unemployment is rising.
Real GDP is falling and unemployment is falling.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A contraction of the business cycle that lasts for 6 or more months (2 quarters) is called a 
recession
depression
expansion
stagflation

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Corah takes a job selling cars.  In six months she is laid off due to a slowing economy and poor car sales.  What type of unemployment is Corah experiencing?
Cyclical
Structural
Frictional
Seasonal

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How does nominal GDP differ from Real GDP?
Real GDP does not reflect economic growth.
Real GDP is adjusted for inflation because it is expressed in base year prices.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who would benefit from inflation?
Jayda, a businesswoman whose costs are rising.
Emily, who took out a loan at a low fixed-interest rate.
Trenton, who has a fixed, contracted salary with no COLA.
Michael, a banker who has extended many fixed rate loans.

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