4.2.3.1 Economic growth and the economic cycle NOTES

4.2.3.1 Economic growth and the economic cycle NOTES

Professional Development

10 Qs

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4.2.3.1 Economic growth and the economic cycle NOTES

4.2.3.1 Economic growth and the economic cycle NOTES

Assessment

Quiz

Social Studies

Professional Development

Hard

Created by

James Hannaford

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily drives short-run growth?

Improvements in human capital

Technological progress

Capital accumulation

Changes in aggregate demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is a key determinant of long-run economic growth?

Consumer confidence

Technological innovation

Business cycles

Supply shocks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a positive output gap indicate?

An overheating economy

Economic underutilization

Downward pressure on prices

Unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of economic growth?

Depletion of natural resources

Higher living standards

Income inequality

Environmental degradation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a negative output gap a signal of?

Technological advancement

Upward pressure on prices

Economic underutilization

High demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which determinant affects short-run growth due to changes in resource prices or natural disasters?

Global economic conditions

Consumer spending

Supply-side determinants

Demand-side determinants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of long-run growth on the economy?

Exacerbation of inequality

Strain on infrastructure

Increased tax revenues

All of the above

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