Unemployment & Inflation

Unemployment & Inflation

University

20 Qs

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Unemployment & Inflation

Unemployment & Inflation

Assessment

Quiz

Social Studies

University

Medium

Created by

Mohammad Abdullah

Used 15+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "business cycle" refer to?

A continuous increase in economic activities

A wave-like movement in economic activity

A linear progression of national income

A sudden fluctuation in employment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What characterizes the business cycle?

Stable economic growth

Unpredictable economic activities

Linear movements in national income

Wave-like fluctuations in economic activity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which phase of the business cycle is the economy at full employment?

Trough

Recovery

Peak or boom

Recession

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of the unemployment rate?

The percentage of the population unemployed

The percentage of the labor force that is unemployed and actively seeking jobs

The number of unemployed individuals in the economy

The ratio of employed to unemployed individuals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a discouraged worker?

A person seeking part-time employment

An individual actively seeking jobs

Someone who has given up seeking employment

A full-time worker with limited capability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of inflation?

A decrease in the general price level of goods and services

A continuous increase in the general price level of goods and services

The condition of simultaneous high unemployment and rapid inflation

A reduction in the rate of inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does demand-pull inflation occur?

When aggregate demand exceeds aggregate supply

When production costs increase

When aggregate demand is less than aggregate supply

When there is a decrease in consumer spending

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