The Phenomenon of 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
What does a business cycle refer to?
What does a business cycle refer to?
Pattern of ups & downs in economic activity
Which term describes when the economy grows rapidly in a business cycle?
Which term describes when the economy grows rapidly in a business cycle?
Peak
When do leading indicators change direction?
When do leading indicators change direction?
Before the economy changes
When do lagging indicators change direction?
When do lagging indicators change direction?
After the economy has shifted
What type of information do coincident indicators provide?
What type of information do coincident indicators provide?
Real-time info about current state
How do procyclic indicators move relative to the economy?
How do procyclic indicators move relative to the economy?
In the same direction
How do countercyclic indicators move relative to the economy?
How do countercyclic indicators move relative to the economy?
In the opposite direction
What type of indicator are JSE share prices?
What type of indicator are JSE share prices?
Leading indicator
Why is the unemployment rate a lagging indicator?
Why is the unemployment rate a lagging indicator?
Businesses take time to hire/cut workers
What major factor caused SA's economic decline during 1975-1994?
What major factor caused SA's economic decline during 1975-1994?
Economic sanctions due to apartheid