
PBMF Semester 1 Exam (2022)
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Melissa Guggenheim
Used 1+ times
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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a business cycle graph, what is the phase called when there is a downward slope and GDP is falling?
Peak
Trough
Slump
Recession
Shock
2.
MULTIPLE CHOICE QUESTION
30 sec • 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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the phases of expansion and contraction in an economy over time?
Recessions
Prosperity
Total product oscillations
Business cycles
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Business Cycle measures ___ over time.
wealth
inflation
economic growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which part of the business cycle is when there is a prolonged period of high unemployment, weak consumer sales, GDP is falling rapidly, and people can't afford to satisfy basic needs?
Prosperity
Recession
Depression
Recovery
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which part of the business cycle is when unemployment begins to decrease, GDP rises, people gain employment, and consumers regain confidence and buy more?
Prosperity
Recession
Depression
Recovery
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called when there is an increase in prices?
Inflation
Recession
Recovery
Deflation
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