Econ- Chapter 13, Section 4 Question Preview (ID: 60295)


Business Cycle. TEACHERS: click here for quick copy question ID numbers.

Part of the business cycle during which economic activity is slowing down is called a:
a) Peak
b) Contraction
c) Recession
d) Trough

Part of the business cycle in which the nation’s output declines for at least 6 months is called a:
a) Peak
b) Contraction
c) Recession
d) Trough

The lowest part of the business cycle in which the downward spiral of the economy levels off is called a:
a) Peak
b) Contraction
c) Recession
d) Trough

The ups and downs in the economy:
a) Business fluctuations
b) Business cycle
c) Depression
d) Expansion/recovery

Irregular changes in the level of total output measured by real GDP:
a) Business fluctuations
b) Business cycle
c) Depression
d) Expansion/recovery

A prolonged slowdown of economic activity:
a) Business fluctuations
b) Business cycle
c) Depression
d) Expansion/recovery

Part of the business cycle in which economic activity slowly increases:
a) Business fluctuations
b) Business cycle
c) Depression
d) Expansion/recovery

On October 29, 1929, the total value of all stocks fell by:
a) $14 million
b) $14 billion
c) $14 trillion
d) $141 million

The largest drop that eventually resulted in a depression followed the stock market crash in:
a) October 1919
b) October 1929
c) October 1939
d) October 1949

One of the main reasons for the end of the Great Depression was:
a) Monetary policy
b) Budget surplus
c) Foreign investment
d) Massive government spending in WWII

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