12th Grade Business Cycles Quizzes, Questions & Answers

12th Grade

Top Trending Business Cycles Quizzes

This econ final study guide covers key aspects of economic cycles, including phases of the business cycle, unemployment types, and effects of economic changes on employment. It assesses understanding of economic fundamentals...

Questions: 38 | Attempts: 117 | Last updated: Mar 14, 2025

Sample Question 1
A business cycle is the:

Period of time in which there is continuous growth in the economy.

Period of time in which there are two phases, which are: peak and depression.

Economic fluctuations of real GDP along a long-term growth trend.

Period of time in which a business is established and ceases operations.

Sample Question 2
The business cycle consists of four phases. At the top we have:

Recovery, followed by depression, and then recession followed by a peak.

Recovery, followed by a recession, and then peak followed by depression.

Peak, then a depression, followed by recovery, and then recession

Peak, then a recession, followed by depression, and finally, recovery.

Sample Question 3
A general rule is that a recession is a decline in real GDP lasting at least:

One year.

Six months.

Three months.

One month.

Recent Business Cycles Quizzes

America's Great Depression - Chapter 1

This is a 10-question quiz on Chapter 1: Positive Theory of the Cycle from America's Great Depression by Murray Rothbard.

Questions: 10 | Attempts: 358 | Last updated: Mar 19, 2025

Sample Question
Cycle theory has been integrated into the general economics theories of which two economists?

Mises and Hayek

Marx and Keynes

Mises and Schumpeter

Samuelson and Ricardo

12th Grade Business Cycles Quizzes, Questions & Answers

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Top Trending Business Cycles Quizzes

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