Business Cycle Quiz

Business Cycle Quiz

12th Grade

15 Qs

quiz-placeholder

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Business Cycle Quiz

Business Cycle Quiz

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Melani Lippard

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four major phases of the business cycle?

Expansion, Peak, Contraction, and Trough

Growth, Decline, Recession, and Recovery

Boom, Bust, Recovery, and Decline

Inflation, Deflation, Stagnation, and Recovery

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization helps to manage the business cycle with monetary policy?

The Federal Reserve

The World Bank

The International Monetary Fund

The United Nations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do consumer and investor confidence play in the business cycle?

They influence economic performance and the phases in the cycle.

They determine the length of each phase.

They have no impact on the business cycle.

They only affect the expansion phase.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the business cycle refer to?

The natural rise and fall of economic growth over time.

The annual budget of a country.

The stock market fluctuations.

The employment rate changes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a phase of the business cycle?

Expansion

Peak

Contraction

Inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the period when businesses are increasing production and hiring more employees?

Economic contraction

Economic expansion

Economic recession

Economic stagnation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which phase of the business cycle is characterized by a decline in GDP and other economic indicators?

Expansion

Peak

Contraction

Trough

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