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Business Cycles Quiz 3 (25 MCQs)

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1. By looking at past GDP numbers, we can identify a
2. Which of the following does NOT contribute to the standard of living?
3. The US economy adds a net 100, 000 jobs in October and the unemployment rate increases. How is this possible?
4. Where would you most likely have the most use of government welfare
5. The aggregate production function for real business cycle models is shown as
6. Many older Americans have trouble finding jobs because of their poor computer skills. What type of unemployment would this be considered?
7. Suppose all financial intermediaries in the financial sector have a liquidity ratio of 25%. If a new deposit of $ 10 000 is made, total deposits can increase by a maximum of:D.$ 50 000
8. What is the definition for unemployment?
9. At the peak phase, businesses will:
10. What measures a nation's productivity and spending?
11. During an economic expansion
12. When a recession is predicted in an economy which of the following occurs?
13. In the trough phase, workers will
14. During the Spring, Ford Motor Company lays off workers for several weeks as they change over their plants for the new car models. The workers are considered
15. Which of the following is not a component of the business cycle?
16. Declining unemployment rate
17. At a peak, what is occurring in the economy?
18. Which of the following statements are correct? In (the)
19. Which BEST describes productivity?
20. Which of the following can lead to a recession in the business cycle?
21. What measures a nation's productivity?
22. What best describes a recession?
23. Read the following headline and choose the condition that correspond with the business cycle.The DOW Jones industrial average reaches an all-time high.
24. What economic model best represents the product and factor markets?
25. The government agency that is responsible for calculating GDP is
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