
Business Cycle & Unemployment
Quiz by Allisyah Norsani
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10 questions
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- Q1What 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
- Q2How many phases of a business cycle?ThreeFiveOneFour10s
- Q3Output - Maximum level Unemployment - Lowest levelPeakRecessionThroughRecovery10s
- Q4Output - Minimum level Unemployment - Highest levelPeakRecoveryRecessionThrough10s
- Q5Which one is the method of Labor Force Participation Rate?Labor Force / Working-age PopulationWorking-age Population X Labor ForceWorking-age Population / Labor ForceLabor Force X Working-age Population10s
- Q6A population divided by?SevenTwoThreeSix10s
- Q7The followings are is the types of unemployment expect:Control UnemploymentSeasonal UnemploymentCyclical UnemploymentFrictional Unemployment10s
- Q8Which of the following is not an impact of unemploymentLoss of job skills.Lowering the discount rate.Effects on the economy.Effects on individuals and society.10s
- Q9What 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
- Q10The 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