Macro 2.7- Business Cycle Unit Summary (Old version)

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Business
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11th Grade - University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the business cycle represent in macroeconomics?
A constant upward trend in the economy
Fluctuations in the economy over time
A steady decline in economic activity
The relationship between supply and demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a speeding economy affect inflation?
It stabilizes inflation
It increases inflation
It decreases inflation
It has no effect on inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to unemployment during a recession?
Unemployment decreases
Unemployment remains unchanged
Unemployment becomes irrelevant
Unemployment increases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is indicated by the trendline in the business cycle?
Zero unemployment
Full employment
Constant inflation
Economic decline
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a focus of the business cycle unit?
GDP and growth
Limiting inflation
Increasing taxes
Limiting unemployment
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