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Managing the flow of income

Authored by Dexter Lim

Business

11th Grade

Used 5+ times

Managing the flow of income
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10 questions

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1.

LABELLING QUESTION

1 min • 1 pt

Label the economic cycle

a
b
c
d
e
f
g
downswing
desired economic activity
Economic Activity
trough
upswing
boom
Time

2.

MATCH QUESTION

1 min • 1 pt

Match the following

recovery

trough

recession

downswing

peak

boom

contraction

upswing

3.

MATCH QUESTION

1 min • 1 pt

Match the following

boom

full emoployment, inflationary pressure, high demand

recession

high unemployment, reduced inflation, low consumer confidence

paradox of thrift

slowing down in aggregate output and income levels

downswing

when people try to save more. in times of recession which leads to a fall in AD

upswing

increasing confidence, increasing economic activity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy does not fluctuate over time

True

False

Who cares

5.

CATEGORIZE QUESTION

3 mins • 1 pt

Categorise the following

Groups:

(a) boom

,

(b) trough

low unemployment

low inflation

high inflation

decrease in real GDP

growth in real GDP

high unemployment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forecasts of the cycle phases are the basis of appropriate policy responses

True

False

Who cares

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

If the economy is heating up (expanding) rapidly, which government responses are appropriate

(more than one)

increased interest rates

decreased interest rates

increased taxes

decreased taxes

relaxation of migration laws

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