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1、MACROCHAPTER10TESTQUESTIONSChapter10Short-TermEconomicFluctuations MultipleChoiceQuestions 1. Aperiodinwhichtheeconomyisgrowingataratesignificantlybelownormaliscalleda(n): A. expansion.B. boom.C. peak.D. recession. 2. Aninformaldefinitionofarecessioni
2、satleast______consecutivequartersofdecliningrealGDP. A. 2B. 4C. 6D. 8 3. Duringrecessions,thechangeinrealGDPis: A. alwayspositive.B. alwaysnegative.C. usuallypositive,butcanbenegative.D. usuallynegative,butcanbepositive. 4. Adepressionis: A. aparticul
3、arlysevereandprotractedrecession.B. thehighpointofeconomicactivitypriortoadownturn.C. thelowpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedexpansion. 5. Inreferencetoshort-termeconomicfluctuations,the"peak"refersto: A. aper
4、iodinwhichtheeconomyisgrowingataratesignificantlyabovenormal.B. thehighpointofeconomicactivitypriortoadownturn.C. thelowpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedexpansion. 6. Inreferencetoshort-termeconomicfluctuation
5、s,the"trough"refersto: A. aperiodinwhichtheeconomyisgrowingataratesignificantlybelownormal.B. thehighpointofeconomicactivitypriortoadownturn.C. thelowpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedexpansion. 7. Theendofarec
6、essioniscalledthe: A. trough.B. expansion.C. peak.D. boom. 8. Thebeginningofarecessioniscalledthe: A. depression.B. expansion.C. peak.D. trough. ThefollowingdatagivethedatesofsuccessiveturningpointsinU.S.economicactivityandthecorrespondinglevelsofrea
7、lGDPatthetime. 9. Whichoftheturningpointsarepeaks? A. (A),(B),and(C)B. (C),(D),and(E)C. (A),(C),and(E)D. (B)and(D) 10. Whichoftheturningpointsaretroughs? A. (A),(B),and(C)B. (C),(D),and(E)C. (A),(C),and(E)D. (B)and(D) 11. Whichofthefollowingperiodsw
8、asarecession? A. July1953throughMay1954B. May1954throughApril1957C. July1953throughApril1957D. May1954throughApril1958 12. Whichofthefollowingperiodswasanexpansion? A. July1953throughMay1954B. May1954throughApril1957C. July1953throughApril1957