PBM Module 2 Test: Economic Activity
Quiz by Pa'Trice Day Owens
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20 questions
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- Q1Productivity would likely increase as a result ofdecreased training programsExpanded production technologynone of the answershigh taxes60s
- Q2The phase of the business cycle in which unemployment is the highest isexpansiondepression/recessisonrecoverypeak60s
- Q3Deflation results in lower buying power of money.truefalse60s
- Q4When consumers increase their borrowing, interest tends to declinetruefalse60s
- Q5Lower spending would most likely cause a budget surplus for the government.falsetrue60s
- Q6In the early 2000's the United States experiences a DEPRESSION in the economy.falsetrue60s
- Q7Which of these is a capital project?You buid a house for your familyYour employer cancels the health insurance benefitYou decide not to buy a carAn excavating company purchases a new backhoe60s
- Q8The total amount owed by the federal government is called the National debttruefalse60s
- Q9A period in which unemployment is low, businesses produce many goods and services and wages are good.Prosperityrecoverya boomfree market60s
- Q10If you deposit $1000 in a savings account, what is the bank going to do with your money?shred the moneynone of the answersuse it to make loan to others at a higher interest rate and pay you interestuse it to make loan to others at a higher interest rate60s
- Q11The more goods and services that are produced the healthier the economy.truefalse60s
- Q12All of the following are goods with the exception ofcarhousecar repairmedicine60s
- Q13Layoffs and a downturn in the economy would likely result in aneitherdepressionbothrecession60s
- Q14The unemployment rate would most likely be at it's lowest during the ____________ phase.recoveryneitherprosperity60s
- Q15Inflation is caused by an increase in demand without an increase in supplytruefalse60s