
Business Cycle Quiz
Passage
•
Social Studies
•
8th Grade
•
Easy
Shandel Roberts
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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the business cycle depict?
The fluctuation of employment rates over time
The rise and fall in output (production of goods and services) over time
The change in consumer preferences over time
The variation of stock market prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many phases are there in a business cycle?
Two
Three
Four
Five
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a phase of the business cycle?
Expansion
Peak
Contraction
Stability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the phase of the business cycle that follows the peak?
Expansion
Contraction
Trough
Recovery
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During which phase of the business cycle is output at its lowest?
Expansion
Peak
Contraction
Trough
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economic expansion associated with?
Decrease in production/output
Increase in unemployment
Increase in wages
Decrease in consumer spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the upswing of the business cycle towards a peak called?
Economic depression
Economic expansion
Economic contraction
Economic stagnation
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