
Business Cycle Quiz
Authored by Andre Stewart
Business
12th Grade
Used 5+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four phases of the business cycle?
Expansion, peak, contraction, and trough
Rise, climax, fall, and bottom
Growth, peak, decline, and bottom
Upswing, climax, downturn, and bottom
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the business cycle is characterized by high economic growth and increased employment?
Expansion
Recession
Stagnation
Depression
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes the expansion phase of the business cycle?
Increase in consumer spending, business investments, and government spending.
Increase in consumer saving, business investments, and government spending.
Decrease in consumer spending, business investments, and government spending.
Decrease in consumer spending and business investments.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which phase of the business cycle does the economy reach its highest point?
Peak
Expansion
Recession
Trough
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the business cycle is characterized by a decline in economic activity and increased unemployment?
Recession
Expansion
Boom
Peak
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes the trough phase of the business cycle?
Increased consumer spending, high business investment, and low unemployment rates.
Decreased consumer spending, high business investment, and low unemployment rates.
Increased consumer spending, low business investment, and low unemployment rates.
Decreased consumer spending, low business investment, and high unemployment rates.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe the period between the end of a recession and the beginning of an expansion?
Stagnation
Depression
Recovery
Decline
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