Economics 002 - Principles of Economics II » Winter 2021 » Chapter 6 Lecture Quiz

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Question #1
The "Key Point" from the lecture in Part 1 is:
A.   Recession
B.   Trough
C.   Peak
D.   Business Cycle
Question #2
The "Key Point" from the lecture in Part 2 is:
A.   Industrial Revolution
B.   Living standards
C.   Modern Economic Growth
D.   GDP Per Person
Question #3
The "Key Point" from the lecture in Part 3 is:
A.   Inflexible Prices
B.   Inventory
C.   Shocks
D.   Flexible Prices
Question #4
The degree of ___________ is the "Key Point" in Part 4.
A.   Supply
B.   Stickiness
C.   Uncertainty
D.   Demand

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