
Business Cycle Quiz
Authored by Ronald Hollis
Business
12th Grade
Used 4+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four phases of the business cycle?
Upswing, climax, downturn, and bottom.
Expansion, peak, contraction, and trough.
Growth, climax, decline, and bottom.
Increase, climax, decrease, and bottom.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the business cycle is characterized by high economic growth and increased consumer spending?
Contraction
Recession
Stagnation
Expansion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which phase of the business cycle does the economy experience a decline in economic activity?
boom
expansion
recession
peak
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe the lowest point of the business cycle?
depression
boom
peak
recession
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the business cycle is characterized by high unemployment rates and decreased consumer spending?
Recession
Expansion
Peak
Depression
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe the highest point of the business cycle?
growth
recession
trough
peak
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which phase of the business cycle does the economy experience a period of recovery and growth?
Expansion
Contraction
Recession
Stagnation
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