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The Business Cycle Flashcards | StudBud
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The Business Cycle
The Business Cycle
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StudBud Administration
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15 Questions actually about the subject plus 5 Fun Questions for Advanced Marketing
Flashcards
22 cards
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Questions
22
Answers
1
True or False: The governement's influence over business cycles involves taxes.
False
True
2
The business cycle has ___________ main parts
2
1
4
3
3
The supply of all products
aggregate demand
aggregate supply
exports
imports
4
Expanding operations during periods of recovery or expansion involve ________________.
Hiring additional employees
Investing in new properties
Increasing inventories
Purchasing new equipment
5
What is
NOT
one of the phases of the Business Cycle?
Recession
Depression
Advantage
Recovery
6
Generally, the business cycle is measured and tracked in terms of what?
Taxes
Imports
GDP
Debt
7
The movement of an economy through recurring phases is _____________.
Recession
Depression
Expansion
Business Cycle
8
During a period of economic prosperity and recovery, consumers are ________.
Doubtful
Optimistic
Worried
Depressed
9
The ups and downs that a nation's economy goes through is officially referred to as what?
economic madness
a roller coaster
the business cycle
expansion
10
All of these are involved in international relations EXCEPT _________.
Holidays
International trade
Wars
11
Higher taxes tend to
increase government spending
increase consumption
cause inflation
increase unemployment
12
The lowest point of the buisness cycle is?
Trough
Expansion
Recession
Depression
13
True or False: During a recession, consumers fear the loss of jobs and decreased wages.
False
True
14
The total value of all final goods and services produced in an economy is called the
CPI
Net Export
GDP
Business Cycle
15
Economic expansion begins again in this stage.
Recovery
External
Depression
Recession
16
GDP,CPI, unemployment rate and the national debt are all what?
signs that the economy is peaking
elements of monetary policy
economic indicators to determine the state of the economy
signs that the economy is in contraction
17
The ______ can lower interest rates in order to encourage spending by businesses and consumers.
Board of Governors
Treasury
President
Federal Reserve
18
If aggregate supply exceeds aggregate demand, then the economy experiences an overall
equilibrium
surplus
shortage
recession
19
___________ continues until it reaches a peak, at which time a recession then begins.
Depression
Expansion
Recession
Recovery
20
Sara is surprised that the dress she almost bought last year is $100 more this year. She is
feeling the affects of high taxes
feeling the affects of recession
feeling the affects of stagflation
feeling the affects of inflation
21
When consumption increases, employment usually
decreases
increases
enters stagflation
remains the same
22
Recession is a period of economic slowdown that lasts for at least __________ months.
three
twelve
six
nine
