Business Cycle and Macroeconomics Quiz

1 point(s)

What is the primary purpose of fiscal policy?

Stimulating economic growth

Correct Incorrect Correct answer

Controlling the money supply

Correct Incorrect Correct answer

Regulating interest rates

Correct Incorrect Correct answer

Managing inflation

Correct Incorrect Correct answer

1 point(s)

During the expansion phase of the business cycle, indicators like retail sales, industrial production, and housing starts are generally rising.

True

Correct Incorrect Correct answer

False

Correct Incorrect Correct answer

3 point(s)

Match the macroeconomic term with its description.

Sort elements

Total value of goods and services produced within a country
Increase in general price level
Percentage of labor force seeking work

GDP	Correct Incorrect Correct answer

Inflation

Correct Incorrect Correct answer

Unemployment Rate

Correct Incorrect Correct answer

1 point(s)

Arrange these phases of the business cycle in their correct order: Trough, Expansion, Contraction, Peak.

Correct Correct Answer Incorrect

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1 point(s)

Reflect on the impact of interest rate changes on different sectors, providing examples of sectors that benefit from higher interest rates and those that are negatively affected.

This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.

3 point(s)

Match the economic indicator with its description.

Sort elements

Measures economic growth pace
Reflects average change in consumer prices
Provides labor market insight

GDP Growth Rate

Correct Incorrect Correct answer

Inflation Rate (CPI)

Correct Incorrect Correct answer

Unemployment Rate

Correct Incorrect Correct answer

1 point(s)

Monetary policy involves actions by central banks to influence the money supply and interest rates in the economy.

True

Correct Incorrect Correct answer

False

Correct Incorrect Correct answer

1 point(s)

Which macroeconomic indicator provides insight into consumers’ optimism or pessimism about the economy and their personal financial situations?

Consumer Confidence Index

Correct Incorrect Correct answer

Retail Sales

Correct Incorrect Correct answer

GDP Growth Rate

Correct Incorrect Correct answer

Housing Starts

Correct Incorrect Correct answer

1 point(s)

Arrange these economic indicators from the most lagging to the most leading: GDP Growth Rate, Unemployment Rate, Consumer Confidence Index, Retail Sales.

Correct Correct Answer Incorrect

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1 point(s)

Describe the relationship between GDP growth rate and the business cycle, highlighting how this indicator changes during different phases.

This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.

Business Cycle and Macroeconomics Quiz