Business Cycles and Economic Instability Chap 13 Lesson 1
Quiz by Peter Duesterbeck
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10 questions
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- Q1An econometric model is used to describe how the economy is expected to perform in the near future.TRUEFALSE30sEditDelete
- Q2A statistical series that normally turns down after the economy turns down or turns up after the economy turns up is a leading economic indicator.FALSETRUE30sEditDelete
- Q3The depression scrip is an index of 30 representative stocks used to monitor price changes in the overall stock market.FALSETRUE30sEditDelete
- Q4A business cycle begins when the economy reaches a low and begins to climb out of a recession.FALSETRUE30sEditDelete
- Q5The bursting of the housing bubble in 2006–07 negatively affected consumer buying power and was largely responsible for the Great Recession in 2008–2009.FALSETRUE30sEditDelete
- Q6A decline in real GDP lasting at least two quarters or more is called a _______________.business fluctuationbusiness cyclepeakrecession30sEditDelete
- Q7A period of recovery from a recession is known as ____________________.a trougha peakan expansionan economic model30sEditDelete
- Q8Which of the following indicates what would happen to the economy if it were not interrupted by alternating periods of recession and recovery?troughtrend linedepression scripeconomic model30sEditDelete
- Q9Which of the following statements best defines the first phase of a business cycle?the economy reaches a turnaround point where real GDP stops going downa period during which real GDP declines for at least two quarters in a rowthe economy reaches the point where real GDP stops going upa period during which real GDP increases for at least two quarters in a row30sEditDelete
- Q10The Federal Deposit Insurance Corporation (FDIC) was created to...regulate new companies that were soliciting funds from investors.help people provide for their own retirement.prevent working people from being exploited by employers.provide modest bank insurance for depositors.30sEditDelete