Economics - key terms

Economics - key terms

9th - 12th Grade

16 Qs

quiz-placeholder

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Economics - key terms

Economics - key terms

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Used 3+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Phase of trade cycle where an economy is operating between the extremes of peaks and troughs

economic growth

trough

peak

zone of desired economic activity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

two successive negative quarters of economic growth

technical recession

stagflation

contraction

boom

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

increase in the productive capacity of an economy, usually indicated by an increase in the production of goods and services

recession

economic growth

trade cycle

leading indicator

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

phase of the trade cycle characterised by rising levels of business activty, income, output and employment

stagflation

contraction

recovery

growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

provides information about changes in the economy at the same time as a change occurring on the trade cycle

performance

boom

recession

coincident indicator

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an assessment of how a government of a country is performing to achieve its key objectives

recession

inflation

economic performance

stagflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

phase of trade cycle characterised by income and output at the lowest level with high unemployment

recession

recovery

downswing

boom

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