#1
Which phase of the business cycle is characterized by rising economic activity and increased consumer spending?
#2
During which phase of the business cycle does the economy experience a decline in GDP for two consecutive quarters?
#3
What is the term for the phase of the business cycle characterized by a sharp decline in economic activity, often accompanied by high unemployment and falling asset prices?
#4
What is the term for the phase of the business cycle where economic activity reaches its highest point before starting to decline?
#5
What economic indicator measures the total value of goods and services produced within a country's borders?
#6
In which phase of the business cycle does the economy experience the lowest point of economic activity?
#7
Which of the following is not a characteristic of an economic recession?
#8
What economic indicator is often used to determine whether an economy is in a recession or expansion?
#9
What is the term for a prolonged period of economic decline that lasts for several years or more?
#10
Which of the following is a leading economic indicator?
#11
Which of the following is not a policy tool used to manage economic fluctuations?
#12
Which of the following is a characteristic of an economic expansion?
#13
What theory suggests that government intervention during economic downturns can stabilize the economy?
#14
According to classical economic theory, what is the best way to address economic downturns?
#15
What theory suggests that changes in the money supply are the most significant factor influencing economic activity?
#16