
Week 2 Economic Indicator Interactions Quiz
Authored by Matthew Bevacqua
Business
10th Grade
Used 4+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when interest rates fall?
Borrowing becomes more expensive
Consumer spending decreases
Business investment decreases
Borrowing becomes cheaper
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is generally true if GDP is rising steadily?
Unemployment generally rises
Unemployment generally falls
Interest rates increase
Consumer spending decreases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action might the Reserve Bank take in response to high inflation?
Increase government spending
Decrease taxes
Raise interest rates
Lower interest rates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tends to happen when unemployment is high?
Consumer spending increases
GDP growth accelerates
Consumer spending decreases
Interest rates fall
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential effect of rising interest rates?
Higher inflation
Slower GDP growth
Increased consumer borrowing
Increased business investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might the Reserve Bank do if inflation is low or falling?
Raise interest rates
Lower interest rates
Decrease government spending
Increase taxes
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of a low unemployment rate?
Wage growth
Decreased consumer demand
Higher unemployment
Lower inflation
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