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Economic Trends During Recessions

Authored by Bryan Thomas

History

12th Grade

Used 3+ times

Economic Trends During Recessions
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During recessions all of the following usually happen EXCEPT

inflation increases.

inflation decreases.

unemployment increases.

GDP decreases.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following people are considered employed EXCEPT

Jen, a nurse at a hospital, has been home sick for the last two weeks.

Harold, who began his job three weeks ago on his 15th birthday.

Peter, who only worked at his job for three hours last week.

John, who has been on vacation from his job for one week.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the long run, the economy of the United States has

steadily declined over time.

behaved in ways that cannot be explained by modern macroeconomists.

experienced drastic fluctuations, but it is back to its old levels now.

steadily grown over time.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business cycle describes the fact that

an economy’s level of output fluctuates between times of recession and expansion

unemployment levels are constantly changing.

inflation rates are constantly changing

politicians usually pass laws that cause the economy to react in unpredictable ways.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High levels of unemployment combined with high levels of inflation could indicate that the business cycle has entered into a period of –

Stagflation

Recession

Expansion

Investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An expansionary period in the business cycle is distinguished by —

declining sales

fewer excise taxes

Low unemployment

declining sales

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth would most likely result from —

Increased employment

Increased productivity

Decreased sales of stock

Decreased trade

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