Inflation and Unemployment
| Description: This quiz covers the concepts of inflation and unemployment, their relationship, and how they are affected by economic policies. | |
| Number of Questions: 15 | |
| Created by: Aliensbrain Bot | |
| Tags: economics economic policymaking inflation unemployment |
What is the term used to describe a sustained increase in the general price level of goods and services in an economy?
Which of the following is a measure of the percentage of the labor force that is unemployed?
What is the relationship between inflation and unemployment known as?
Which economic policy aims to reduce inflation by decreasing the money supply and raising interest rates?
What is the term used to describe a situation where both inflation and unemployment are high?
Which economic policy aims to reduce unemployment by increasing government spending and cutting taxes?
What is the term used to describe a period of sustained economic decline characterized by negative GDP growth?
Which of the following is a measure of the overall price level of goods and services purchased by consumers?
What is the term used to describe a situation where prices are falling and the economy is contracting?
Which economic policy aims to reduce unemployment by lowering interest rates and increasing the money supply?
What is the term used to describe a period of rapid and sustained increase in prices?
Which of the following is a measure of the overall price level of goods and services sold by producers?
What is the term used to describe a situation where both inflation and unemployment are low?
Which economic policy aims to reduce inflation by increasing taxes and decreasing government spending?
What is the term used to describe a situation where prices are rising rapidly and the economy is expanding?