What is meant by something being "cyclic" according to the introduction?
Economic Cycle Quiz ( Election Cycle )

Quiz
•
Social Studies
•
12th Grade
•
Hard
Ben Slaton
FREE Resource
31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a process that happens only once.
It is a process that does not have a predictable pattern.
It is a process that continually repeats.
It is a process that happens randomly.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four phases of the economic cycle?
Expansion
Peak
Stability
Trough
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP stand for?
General Domestic Product
Gross Domestic Product
Governmental Domestic Product
Global Domestic Product
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are economists and financial professionals talking about when they refer to the "size" of the economy?
The physical size of the country's land area.
The total number of people in the country.
The total dollar value of everything produced in the country and the services it provides.
The size of the country's government.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the terms "economic cycle" and "business cycle" be used interchangeably?
Because they refer to different concepts.
Because "economic cycle" is a more accurate term.
Because they refer to the same concept.
Because "business cycle" is a more accurate term.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When did the last business cycle peak occur according to the chart?
2009
2015
2019
2020
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average length of an expansion phase in the economic cycle as mentioned in the text?
11 months
58 months
5 years
More than two times longer than the average contraction
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