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1、Chapter10Student:___________________________________________________________________________1.Aperiodinwhichtheeconomyisgrowingataratesignificantlybelownormaliscalleda(n): A. expansion.B. boom.C. peak.D. recession. 2.Aninformaldefinitionofarecessionisatleast__
2、____consecutivequartersofdecliningrealGDP. A. twoB. fourC. sixD. eight 3.Duringrecessions,thechangeinrealGDPis: A. alwayspositive.B. alwaysnegative.C. mostoftenpositive,butoccasionallynegative.D. mostoftennegative,butoccasionallypositive. 4.Adepressionis: A.
3、 aparticularlysevereandprotractedrecession.B. thehighpointofeconomicactivitypriortoadownturn.C. thelowpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedexpansion. 5.Inreferencetoshort-termeconomicfluctuations,the"peak"refersto: A. aper
4、iodinwhichtheeconomyisgrowingataratesignificantlyabovenormal.B. thehighpointofeconomicactivitypriortoadownturn.C. thehighpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedexpansion. 6.Inreferencetoshort-termeconomicfluctuations,the"trou
5、gh"refersto: A. aperiodinwhichtheeconomyisgrowingataratesignificantlybelownormal.B. thelowpointofeconomicactivitypriortoadownturn.C. thelowpointofeconomicactivitypriortoarecovery.D. aparticularlystrongandprotractedrecession. 7.Theendofarecessioniscalledthe: A
6、. trough.B. expansion.C. peak.D. boom. 8.Thebeginningofarecessioniscalledthe: A. depression.B. expansion.C. peak.D. trough. 9.ThefollowingdatagivethedatesofsuccessiveturningpointsinU.S.economicactivityandthecorrespondinglevelsofrealGDPatthetime.Whichoftheturni
7、ngpointsarepeaks? A. (A),(B),and(C)B. (C),(D),and(E)C. (A),(C),and(E)D. (B)and(D) 10.ThefollowingdatagivethedatesofsuccessiveturningpointsinU.S.economicactivityandthecorrespondinglevelsofrealGDPatthetime.Whichoftheturningpointsaretroughs? A. (A),(B),and(C)B.
8、(C),(D),and(E)C. (A),(C),and(E)D. (B)and(D) 11.ThefollowingdatagivethedatesofsuccessiveturningpointsinU.S.economicactivityandthecorrespondinglevelsofrealGDPatthetime.Theecon
