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Business Cycles Quiz 9 (9 MCQs)

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1. When the economy enters into a recession this type of unemployment emerges

2. When using the income approach to calculate GDP, all of the following are necessary components EXCEPT

3. During the contraction phase of the business cycle, what happens to the number of workers needed by producers?

4. Steve can type 100 words a minute, yet he can't find a job as a secretary. What type of unemployment is this?

5. If the public perception is that the economy is in good hands then

6. In the circular flow model, money flows

7. Read the following headline and choose the condition that correspond with the business cycle. The price of bread has increased 5% over the past three months.

8. Which one of the following items is considered an intermediate good?

9. In which part of the GDP calculation does this fit?You purchase the new iPhone 11.

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Business Cycles Quiz 9 (9 MCQs)

Quiz Instructions:

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