Quiz 3.4 - Sheet1 Page 1 Exit Menu Quiz 3-4 Your response...

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Unformatted text preview: Sheet1 Page 1 Exit Menu Quiz 3-4 Your response has been submitted successfully. Points Awarded 15 Points Missed 0 Percentage 100% 1.Which of the following statements is most correct? 1 A.During a recession, lower demand for goods and services causes less inflation. B.During a recession, higher demand for goods and services causes higher inflation. C.During a recession, deflation causes lower demand for goods and services. D.During a recession, lower demand for goods and services causes higher inflation. Right Points Earned:1/1 Correct Answer:A Your Response:A 2.Most experts agree that business cycles ended after World War II. 2 A.True B.False Right Points Earned:1/1 Correct Answer:B Your Response:B 3.One historical example of a trough in the business cycle came during 3 A.the Panic of 1893. B.World War I. C.World War II. D.the 1990s. Right Points Earned:1/1 Correct Answer:A Your Response:A 4.If teh unemployment rate is decreasing and prices are rising, the economy is likely in what stage of the business cycle?4....
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This test prep was uploaded on 04/07/2008 for the course ECONOMICS 101 taught by Professor Wilhour during the Spring '08 term at Parkland.

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Quiz 3.4 - Sheet1 Page 1 Exit Menu Quiz 3-4 Your response...

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