#1
Which of the following is a characteristic of economic fluctuations?
#2
What is the name of the phase in the business cycle characterized by a decline in economic activity?
#3
What is the term for the period of sustained economic growth and expansion?
#4
Which of the following is NOT a characteristic of a recession?
#5
What is the term for a prolonged period of economic decline?
#6
Which of the following is NOT a cause of economic fluctuations?
#7
What economic indicator is often used to determine whether an economy is in a recession?
#8
What is the term for the highest point of economic activity in the business cycle?
#9
Which of the following is NOT a monetary policy tool used by central banks to address economic fluctuations?
#10
What is the term for a temporary economic downturn lasting less than a year?
#11
Which economist proposed the theory of 'animal spirits' to explain economic fluctuations?
#12
In which phase of the business cycle is the unemployment rate typically the lowest?
#13
What is the term for a period of rapid economic growth and high employment levels?
#14
What is the term for the situation in which an economy experiences a prolonged period of negative economic growth and high unemployment?
#15