Q3W1L2_National Income Statistic & The Business Cycle
Authored by Ashley Koon
Other
12th Grade
Used 19+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
The price of bread has increased 5% over the past three months.
Peak
Contractionary
Trough
Growth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
Interest rates at a low of 2% cause consumers to take out loans and buy homes.
Peak
Contractionary
Trough
Growth
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
The sale of durable goods is down for the 5th consecutive month.
Peak
Contractionary
Trough
Growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
Due to factory closures unemployment has risen to a five year high of 10%
Peak
Contractionary
Trough
Growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
Due to increased consumer spending, the Federal Reserve raises interest rates to slow the economy down.
Peak
Contractionary
Trough
Growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
The DOW Jones industrial average reaches an all-time high.
Peak
Contractionary
Trough
Growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the following headline and choose the condition that correspond with the business cycle.
GDP declines for four consecutive months, causing the Federal Reserve to lower interest rates.
Peak
Contractionary
Trough
Growth
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