14 Economic Instability
Quiz
•
Social Studies
•
12th Grade
•
Hard
Luke Fitzgerald
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What happens during a depression?
Production rises, output increases, unemployment lowers, and the standard of living increases
Production holds steady, output turns around, unemployment shrinks, and the standard of living drops
Production speeds up, output holds steady, unemployment increases, and the standard of living doubles
Production slows, output declines, unemployment rises, and the standard of living falls
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
On the average, what last longer, a recession or a recovery?
recession
recovery
On average they last about the same time
It depends on the depth of the gap
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are the two main phases of a business cycle?
Peak & Trough
Peak and Recession
Recession and Expansion
Expansion and Recovery
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What was the most severe recession that the United States has ever seen?
Panic of 1820
The Great Depression 1930's
The Great Inflation 1970's
The Great Recession 2008
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which workers are not counted when figuring out the Unemployment rate? (select two answers)
Anyone in the Armed Forces
Those who work less than 40 hours a week
Those who have given up looking for work
Discouraged workers (they don't like their job)
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What two kinds of unemployment are likely to affect construction workers?
Frictional and Structural
Cyclical and Seasonal
Technological and Structural
Frictional and Seasonal
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is Inflation?
High unemployment
Low production output
A type of Pandemic
A general rise in prices
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