
Economics
Authored by Kasey Patikura
Business
10th Grade
Used 4+ times

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14 questions
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1.
MATCH QUESTION
45 sec • 1 pt
Match the following phases of the trade cycle with their definitions
by rising levels of business activity, income, output and employment
Recovery (upswing)
characterised by declining levels of business activity, income, output and employment
Peak (Boom)
characterised by income and output at the lowest level with high unemployment
Contraction (downsizing)
characterised by income and output at their highest levels with all resources fully employed
Trough (recession)
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select all that are part of a 4D's analysis
Date
Dimension
Data
Due to
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increase government spending and decrease tax are example of _______ _______ policy
Expansionary fiscal policy
Contractionary fiscal policy
Expansionary monetary policy
Contractionary monetary policy
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Unemployment and ________ have an inverse relationship
GDP
inflation
economics
government
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A measure of the total product of goods and services in the economy is known as?
Economics
Unemployement
Inflation
GDP
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increasing the cash rate is an example of?
Expansionary fiscal policy
Contractionary fiscal policy
Expansionary monetary policy
Contractionary monetary policy
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
__________ policy involves the Reserve Bank of Australia (RBA) influencing interest rates and the volume of money in the economy by setting of the official cash rate
Monetary
Fiscal
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