
Business Cycle and GDP
Authored by Alan Long
Social Studies
12th Grade
Used 13+ times

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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Lowest point in the business cycle
Peak
Trough
Expansion
Contraction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The HIGHEST Point in business cycle
Peak
Trough
Contraction
Recession
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used to describe an increase in the general price level?
Deflation
Monetary policy
Stagnation
Inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the Business Cycle includes the economy slowing down?
Prosperity
Recession
Depression
Recovery
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand pull inflation?
rise in price due to a decrease in supply
a rise in price level due to an increase in demand
a decrease in price due to an increase in supply
a decrease in price due to a decrease in supply
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation of rising prices resulting from increases in the cost of production.
Deflation
Cost-push Inflation
Demand-pull inflation
Consumer Price Index
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expectant parents buy supplies for the nursery. Would this be included in GDP?
Yes - Consumer Spending
Yes - Investment
No - Intermediate goods
No - Non-market activity
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