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Economic Cycle Quiz

Authored by Le Rhea Edwards

Life Skills

3rd Grade

Used 2+ times

Economic Cycle Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the economic cycle is known for strong economic growth?

Expansion

Slowdown

Recession

Recovery

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to consumer confidence during the expansion stage?

It is high

It is low

It stays the same

It disappears

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sign of the expansion stage in the economic cycle?

New businesses opening

Businesses closing

High unemployment

Low wages

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to unemployment during the expansion stage?

It drops

It rises

It stays the same

It doubles

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do people often call the expansion stage?

Boom stage

Bust stage

Quiet stage

Calm stage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an indicator of an economic slowdown?

Increase in government spending

Stock market prices drop

Decrease in interest rates

Increase in consumer spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a recession?

When the economy is growing rapidly

When the GDP gets smaller for two quarters

When the stock market is booming

When inflation is very high

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