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ECO 203 WEEK 2 QUIZ

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ECO 203 WEEK 2 QUIZ

  1. Question :       The term “recession” refers to a
  2. Question :       Who is NOT a loser in inflation?
  3. Question :       The transfer of funds from savers to business investors takes place in the
  4. Question :       If taxes increase and the AS curve is upward sloping, then
  5. Question :       The turning points of the business cycle are called
  6. Question :       As an economy recovers from a trough in the business cycle,
  7. Question :       Short-term unemployment while searching for a new job is called
  8. Question :       Economists use the phrase “business cycle” when discussing
  9. Question :       In the circular flow model, how can households use their income?
  10. Question :       The curve that shows quantities of total real output that will be offered for sale at various price levels