Economic Indicators and the Business Cycle

Economic Indicators and the Business Cycle

12th Grade

15 Qs

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Economic Indicators and the Business Cycle

Economic Indicators and the Business Cycle

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Jana Mullis

Used 15+ times

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15 questions

Show all answers

1.

MATCH QUESTION

1 min • 1 pt

Match the economic goal with the tool used to measure it.

Gross Domestic Product

Full Employment

Unemployment Rate

Price Stability

CPI and Inflation

Growth

2.

REORDER QUESTION

1 min • 1 pt

Reorder the following parts of the business cycle into the correct order. (Start with a trough.)

Trough

Contraction

Expansion

Peak

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

At this part of the business cycle, which economic indicator is most concerning to policymakers?

Unemployment Rate

Inflation

Gross Domestic Product

4.

MATCH QUESTION

1 min • 1 pt

Match the following

Unemployment is falling

Media Image

inflation is climbing

Media Image

Unemployment is highest

Media Image

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

In what year did the world produce the most goods and services?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the contraction phase of the business cycle, what happens to the amount of goods and services produced?

goes up

goes down

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the contraction phase of the business cycle, what happens to the number of workers needed by producers?

increases

decreases

stays the same

nothing

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