
The Business Cycle
Authored by Kara Victor
Business
9th - 12th Grade
Used 1+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ___________________ represents the constant changes and ups and downs of economic growth in an economy.
Trough
Peak
The Economic Cycle
The Business Cycle
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___________________is a period of prolonged and deep recession. Consumer spending is very low, unemployment is very high, and production of goods and services is down significantly. Poverty results because many people are out of work and cannot afford to buy food, clothing, or shelter.
Recovery
Expansion
Recession
Depression
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________________is a period of renewed economic growth following a recession or depression characterized by reduced unemployment, increased consumer spending, and moderate expansion by businesses.
Recovery
Expansion
Recession
Depression
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The low point of a recession just before recovery begins,
Recession
Recovery
Trough
Peak
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The high point of an economic recovery.
Recession
Recovery
Trough
Peak
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a recession, GDP is steadily decreasing, and the unemployment rate is
Staying the same
Steadily increasing
Steadily decreasing
Double what it was last year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In times of prosperity, GDP is __________________ and unemployment is low.
High
Low
Staying the same
Double what it was last year
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