Which indicator will probably rise when the economy is in a recession?

Economic Indicators Quiz

Quiz
•
Business
•
University
•
Hard

Doug Bice
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
real GDP growth
unemployment
industrial production
real retail sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The broadest measure of economic activity is:
the stock market.
business confidence.
real GDP.
nonfarm payrolls.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Okun's rule of thumb, for every 1% fall in actual output below potential output, the unemployment rate:
rises by 1%.
falls by 1%.
rises by 0.5%.
falls by 0.5%.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which indicator might be a good predictor of investment?
initial unemployment claims
consumer confidence
business confidence
nonfarm payrolls
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Periodic fluctuations of a country's real gross domestic product (GDP) are known as:
a recession.
the business cycle.
an expansion.
a trough.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recessions tend to be _____, and expansions tend to be _____.
short; short
long; long
short; long
long; short
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose that aggregate output is equal to potential output; the actual unemployment rate is:
equal to the equilibrium unemployment rate.
higher than the equilibrium unemployment rate.
lower than the equilibrium unemployment rate.
unrelated to the equilibrium unemployment rate.
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