Business Cycle and Macroeconomics

Business Cycle and Macroeconomics

10th - 12th Grade

20 Qs

quiz-placeholder

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Business Cycle and Macroeconomics

Business Cycle and Macroeconomics

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Easy

Created by

Jennifer McCall

Used 136+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many phases make up the business cycle?

2

4

6

8

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics approaches the study of economics from the viewpoints of

individual firms

individual consumers

government units

the entire economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP is in the process of declining during a(an)

peak

contraction

expansion

trough

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If a news headline says, "Finally!!! 2 straight months of increased jobs."

Where on the business cycle is the current economy?

Peak

Contraction

Trough

Expansion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If a news headline says, "3 months of consecutive job losses is impacting consumer confidence."

Where on the business cycle is the current economy?

Peak

Contraction

Trough

Expansion

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is an expansion, or recovery?

A

B

C

D

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If GDP falls for at least two quarters, it is considered what stage of the business cycle?

Expansion

Recession

Prosperity

Recovery

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