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

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