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Business Cycle & Unemployment

Quiz by Allisyah Norsani

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10 questions
Show answers
  • Q1
    What is the business cycle?
    A business cycle is a wave-like movement in economic activity where an expansion is followed by a depression.
    A business is an economy-wide phenomenon which prevail in all industries.
    A business cycle is characterized by upwards and downwards movements.
    A business cycle is also known as a trade cycle.
    10s
  • Q2
    How many phases of a business cycle?
    Three
    Five
    One
    Four
    10s
  • Q3
    Output - Maximum level Unemployment - Lowest level
    Peak
    Recession
    Through
    Recovery
    10s
  • Q4
    Output - Minimum level Unemployment - Highest level
    Peak
    Recovery
    Recession
    Through
    10s
  • Q5
    Which one is the method of Labor Force Participation Rate?
    Labor Force / Working-age Population
    Working-age Population X Labor Force
    Working-age Population / Labor Force
    Labor Force X Working-age Population
    10s
  • Q6
    A population divided by?
    Seven
    Two
    Three
    Six
    10s
  • Q7
    The followings are is the types of unemployment expect:
    Control Unemployment
    Seasonal Unemployment
    Cyclical Unemployment
    Frictional Unemployment
    10s
  • Q8
    Which of the following is not an impact of unemployment
    Loss of job skills.
    Lowering the discount rate.
    Effects on the economy.
    Effects on individuals and society.
    10s
  • Q9
    What are the measures to control unemployment?
    Increase in government expenditure will directly affect aggregate demand.
    The government may practice expansionary fiscal policies through taxation and public expenditure.
    The government may practice expansions monetary policies which increase money supply in the economy.
    The government can implement any one of or a combination of monetary, fiscal and direct control policies.
    10s
  • Q10
    The followings are is direct control measures except:
    Job creation in various sectors of an economy.
    Development of new land.
    Training and technical education.
    The decrease in taxes.
    10s

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