EPF-Fiscal and Monetary Policy 11/13

What economic indicator is used to measure inflation and deflation?

• Consumer Price Index

• Market Demand

• Equilibrium Price

• Gross Domestic Product

What economic indicator is used to measure the amount of final goods and services made within the U.S.?

• Consumer Price Index

• Market Demand

• Equilibrium Price

• Gross Domestic Product

At which phase of the business cycle is unemployment at the lowest rate?

• Expansion

• Peak

• Contraction

• Trough

At which phase of the business cycle is GDP decreasing?

• Expansion

• Peak

• Contraction

• Trough

At which phase of the business cycle are more new businesses starting?

• Expansion

• Peak

• Contraction

• Trough

At which phase of the business cycle is GDP increasing?

• Expansion

• Peak

• Contraction

• Trough

At which phase of the business cycle is employment at the lowest rate?

• Expansion

• Peak

• Contraction

• Trough

At which phase of the business cycle are fewer businesses starting?

• Expansion

• Peak

• Contraction

• Trough

What two business cycle phases are "good phases"?

• Expansion/Peak

• Contraction/Trough

What two business cycle phases are "bad phases"?

• Expansion/Peak

• Contraction/Trough