Reasons for Business Cycles (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which type of factor originates from outside a country's economy?
Which type of factor originates from outside a country's economy?
Exogenous factors
What is the formula for aggregate demand?
What is the formula for aggregate demand?
What effect do lower interest rates have on the economy?
What effect do lower interest rates have on the economy?
Encourage investment & expansion
What is a self-fulfilling prophecy in economics?
What is a self-fulfilling prophecy in economics?
Negative expectations cause actual problems
How do natural disasters affect the economy?
How do natural disasters affect the economy?
Create major disruptions
How does a trading partner's recession affect a country?
How does a trading partner's recession affect a country?
Reduces demand for exports
Which is an endogenous reason for business cycles?
Which is an endogenous reason for business cycles?
Investment spending
What happens when new natural resources are discovered?
What happens when new natural resources are discovered?
Total supply increases
How do technological innovations affect the economy?
How do technological innovations affect the economy?
Boost productivity & growth
What role do savings play in the economy?
What role do savings play in the economy?
Provide funds for business borrowing