10/2/2020 Final Quiz 1

Home / My courses / UGRD-BAMM6101-2013T / Week 11: Business Cycles / Final Quiz 1

Question 1 The contractionary phase of the business cycle is often described as a depression.
Not yet
answered
Select one:
Marked out of
True
1.00
False

Question 2 _______- key economic statistics that provide information about business cycles and trends in overall
Not yet economic performance.
answered

Marked out of Select one:

1.00
a. Economic Indicator

b. None of the choices

c. Leading Indicator

d. Lagging Indicator

Clear my choice

Question 3 _______ increasing economic growth and price inflation.

Not yet
answered Select one:
Marked out of
a. Trough
1.00
b. Peak

c. Contraction

d. Expansion

Clear my choice

Question 4 _______ is the point at which an expansionary phase ends and a contractionary phase begins.
Not yet
answered
Select one:
Marked out of
a. Expansion
1.00
b. Contraction

c. Peak

d. Trough

Clear my choice

Question 5 A primary measure of the health and welfare of an economy is the growth rate of real GDP, or total
Not yet physical output of the economy
answered

Marked out of Select one:

1.00
True

False

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10/2/2020 Final Quiz 1

Question 6 _______ is declining economic growth and growing unemployment.

Not yet
answered
Select one:
Marked out of
a. Contraction
1.00
b. Trough

c. Peak

d. Expansion

Clear my choice

Question 7 _______ is the point at which a contractionary phase ends and an expansionary phase begins.
Not yet
answered
Select one:
Marked out of
a. Contraction
1.00
b. Expansion

c. Peak

d. Trough

Clear my choice

Question 8 The _______ is one of the central issues in macroeconomic theory and provides the starting point for
Not yet understanding the complex relationships between the various measures of macroeconomic
answered
performance and the role of government economic policy.
Marked out of
1.00
Select one:
a. Expansionary Phase

b. Business Cycle

c. Contractionary Phase

d. None of the choices

Clear my choice

Question 9 _______ the unemployment rate is negatively related to changes in the growth rate of real GDP.
Not yet Moreover, output fluctuates more than unemployment over the business cycle.
answered

Marked out of Select one:

1.00
a. Demand curve

b. None of the above

c. Okun's Law

d. Philip's curve

Clear my choice

Question 10 The inverse relationship between inflation and unemployment is illustrated using the _______.
Not yet
answered
Select one:
Marked out of
a. Okun's Law
1.00
b. Philip's curve

c. None of the above

d. Demand curve

Clear my choice


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10/2/2020 Final Quiz 1

Lesson 9: Government Fiscal and

◄ Lesson 8: Business Cycles Jump to...
Monetary Policy ►

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