Economic Fluctuations Quiz
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Questions and Answers

What do economic fluctuations refer to?

  • Changes in national income (correct)
  • Changes in government spending
  • Changes in global income
  • Changes in consumer savings

    • What does a decline in national income denote?

  • Recession in the economy
  • Contraction in the economy (correct)
  • Expansion in the economy
  • Stagnation in the economy

    • What are the two main changes in economic fluctuations according to the text?

  • Inflation and deflation
  • Expansion and depression (correct)
  • Boom and bust
  • Recovery and recession

    • What drives the changes in economic fluctuations according to the text?

    <p>Variations in economic activities</p> Signup and view all the answers

    What does the text suggest about the normalcy of economic fluctuations?

    <p>Economic fluctuations are normal and natural</p> Signup and view all the answers

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