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Business Cycle Quiz

Authored by Shandel Roberts

Social Studies

8th Grade

Used 1+ times

Business Cycle Quiz
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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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