DP1 Business Cycle and Circular Flow
Authored by Julia Peters
Social Studies
9th - 12th Grade
Used 7+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
1. What does the business cycle in economics refer to?
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
2. Which phase of the business cycle is characterized by rising GDP and employment?
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
3. What signifies the peak of the business cycle?
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
4. A recession is officially declared when there are two consecutive quarters of:
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
5. What is the trough phase in the business cycle?
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
6. What can cause fluctuations in the business cycle?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
7. In the circular flow of income, households provide:
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