#1
Which of the following is a characteristic of an economic recession?
#2
What is the term used to describe a sustained period of economic decline?
#3
What is the term used to describe a period of declining economic activity, often accompanied by high unemployment?
#4
Which of the following is a measure of the total value of goods and services produced within a country's borders in a specific time period?
#5
What does the term 'business cycle' refer to in economics?
#6
Which of the following is a characteristic of an economic boom?
#7
Which of the following is a characteristic of an economic depression?
#8
Which of the following is a leading indicator of economic activity?
#9
What is the term for a situation in which inflation rises rapidly as the economy overheats?
#10
What is the term for a sudden and severe decline in economic activity over a sustained period?
#11
In the Keynesian model, what is the primary determinant of consumer spending?
#12
What is the term used to describe a situation in which the economy experiences both high inflation and high unemployment?
#13
Which of the following is a component of aggregate demand in macroeconomics?
#14
Which of the following is a measure of the overall level of prices in an economy?
#15
Which of the following is NOT a component of aggregate expenditure in the Keynesian model?
#16
Which of the following is NOT a tool used by central banks to control the money supply?
#17
What is the term for a situation where the general price level of goods and services is falling?
#18
What is the term for a situation where the economy experiences a prolonged period of slow economic growth and high unemployment?
#19