Economic Growth and Business Cycles: Fluctuations and Long-Term Trends
Description: This quiz will test your knowledge on Economic Growth and Business Cycles, focusing on fluctuations and long-term trends. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economic growth business cycles fluctuations long-term trends |
What is the term used to describe the cyclical upswings and downswings in economic activity?
Which phase of the business cycle is characterized by a decline in economic activity?
What is the highest point of economic activity in a business cycle called?
What is the term used to describe the long-term upward trend in economic output?
Which factor is considered a key driver of long-term economic growth?
What is the term used to describe the difference between potential output and actual output?
Which policy is typically used to address an output gap caused by insufficient demand?
What is the term used to describe the rate at which the economy's productive capacity grows over time?
Which factor is considered a key determinant of a country's potential output growth rate?
What is the term used to describe the cyclical fluctuations in economic activity around its long-term trend?
Which factor is considered a key contributor to business cycle fluctuations?
What is the term used to describe the tendency for economic fluctuations to persist over time?
Which policy is typically used to address business cycle fluctuations caused by demand-side shocks?
What is the term used to describe the tendency for economic growth to slow down as an economy approaches its full potential?
Which factor is considered a key challenge for achieving sustained economic growth in developing countries?