Economic Facts: True or False

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Quick true/false quiz on economics basics.

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Montex

Canada

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Economic Facts: True or FalseVersion en ligne Quick true/false quiz on economics basics. par Montex 1 Demand-pull inflation is caused by an increase in overall demand in the economy (aggregate demand). Yes No 2 Increasing the money supply always reduces aggregate demand. Yes No 3 Inflation is defined as the steady and continuous rise in the general price level over time. Yes No 4 GDP measures output produced in a country over a given period, usually one year. Yes No 5 Inflation is caused exclusively by government tax increases. Yes No 6 A recession is a period during which total output in the economy declines. Yes No 7 A budget deficit occurs when government revenue exceeds expenditure. Yes No 8 A depression is a short downturn lasting only a few weeks. Yes No 9 Unemployment is defined as any person who is actively seeking work but unable to find it. Yes No 10 The unemployment rate is calculated as the number of unemployed divided by the total population. Yes No

Economic Facts: True or FalseVersion en ligne

Quick true/false quiz on economics basics.

par Montex

Demand-pull inflation is caused by an increase in overall demand in the economy (aggregate demand).

Yes

Increasing the money supply always reduces aggregate demand.

Yes

Inflation is defined as the steady and continuous rise in the general price level over time.

Yes

GDP measures output produced in a country over a given period, usually one year.

Yes

Inflation is caused exclusively by government tax increases.

Yes

A recession is a period during which total output in the economy declines.

Yes

A budget deficit occurs when government revenue exceeds expenditure.

Yes

A depression is a short downturn lasting only a few weeks.

Yes

Unemployment is defined as any person who is actively seeking work but unable to find it.

Yes

The unemployment rate is calculated as the number of unemployed divided by the total population.

Yes

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Economic Facts: True or False

Oui ou Non

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Economic Facts: True or FalseVersion en ligne

par Montex

Demand-pull inflation is caused by an increase in overall demand in the economy (aggregate demand).

Increasing the money supply always reduces aggregate demand.

Inflation is defined as the steady and continuous rise in the general price level over time.

GDP measures output produced in a country over a given period, usually one year.

Inflation is caused exclusively by government tax increases.

A recession is a period during which total output in the economy declines.

A budget deficit occurs when government revenue exceeds expenditure.

A depression is a short downturn lasting only a few weeks.

Unemployment is defined as any person who is actively seeking work but unable to find it.

The unemployment rate is calculated as the number of unemployed divided by the total population.

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