Intro to Business: Business Cycle Review
Authored by Lenora Manna
Business
9th - 11th Grade
Used 6+ times
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21 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the 3 economic goals of every country in the world?
promote economic growth
prevent excessive unemployment
limit inflation
measure the GDP
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the 2 components of the business cycle shown on a business cycle graph.
GDP
GDP per capita
time
current unemployment rates
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How do we usually measure time when we are discussing the business cycle?
months
days
years
quarters
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which axis on the business cycle graph shows the GDP?
X
Y
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which axis on the business cycle graph shows time?
X
Y
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What do we call it when the economy is growing?
contraction
expansion
peak
trough
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the highest point of expansion?
peak
trough
growth trend line
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