Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

12th Grade

40 Qs

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Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

Economic Indicators, The Fed, Monetary Policy & Fiscal Policy

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Lauren Amis

Used 22+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term replaces the question mark? Consumption + Investment + Government + Net Exports = ______?

Disposable Personal Income

Gross Domestic Product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term completes the list? The Five Stages of ______? 1. Growth 2. Peak 3. Recession 4. Trough 5. Recovery

the Annual Budget

the Business Cycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation would benefit which group of people the most?

people on fixed incomes

people who are in debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic indicator best shows that deflation is occurring?

a decrease in interest rates due to home foreclosures

a decline in prices due to the lack of consumer spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a period of economic downturn, what is one characteristic that might be observed in the job market?

unemployment tends to rise

prices tend to rise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Quinton and Cam are studying the economy and notices a period when the real gross domestic product (GDP) stops falling. Which stage of the business cycle are they observing?

Expansion

Recession

Trough

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Alex and Payton are studying the economy for their class project. They want to know, during which stage of the business cycle does the economy experience the highest inflation rate?

Peak

Trough

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