Business Cycles and Economic Indicators
Quiz
•
Social Studies
•
12th Grade
•
Hard
Leigha Coleman
Used 22+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Business cycle has four phases:
expansion, peak, contraction, trough
peak, expansion, concept, decline
contraction, peak, expansion, uprise
trough, peak, decline, uprise
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is happening to the economy in a period of economic contraction?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When the economy experiences an expansion, it is most likely the case that
GDP is increasing, unemployment is increasing, and inflation is decreasing
GDP is decreasing, unemployment is decreasing, and inflation is increasing.
GDP is increasing, unemployment is decreasing, and inflation is increasing
GDP is decreasing, unemployment is decreasing, and inflation is decreasing.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
GDP is an important economic measurement because it
provides valuable data on unemployment rates.
provides valuable data on inflation rates.
measures the value of final goods and services produced by a country.
measures only the exports of a country
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which term describes the phases of expansion and contraction in an economy over time?
Recessions
Prosperity
Total product oscillations
Business cycles
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
"Prices for consumer goods down 5% this year!" This headline affects which economic indicator the most?
Unemployment
Consumer Price Index
Productivity
Gross Domestic Product (GDP)
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
"Business investment in capital goods (machinery for production) rises." The headline above affects which economic indicator the most?
Unemployment
Consumer Price Index
Inflation
Gross Domestic Product (GDP)
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