Home > C1 VocabularyEconomic Theories and Concepts Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 0% Economic Theories and Concepts 1. The ______ curve represents the relationship between inflation and unemployment. supply Phillips inflation GDP 2. Supply-side economics focuses on increasing ______ by lowering taxes and reducing regulation. liquidity demand production growth 3. Monetary policy is primarily concerned with managing the ______ supply. currency liquidity money credit 4. A ______ market occurs when prices are falling and investor confidence is low. bull stagnant volatile bear 5. The ______ theory suggests that markets are always clear and efficient. total market market equilibrium efficient markets liquid market 6. A ______ is a long-term decline in economic activity and productivity. recession depression downturn decline 7. The ______ of supply and demand determines the price of goods in a market economy. balance interaction relationship intersection 8. A ______ is a situation where aggregate demand is less than aggregate supply. growth surplus deficit imbalance 9. ______ is the study of how people manage scarce resources to meet their needs. Economics Market study Economic theory Resource management 10. Keynesian economics advocates for ______ intervention to manage economic cycles. monetary supply government fiscal 11. A ______ market is characterized by rising prices and investor optimism. bull volatile stagnant bear 12. The ______ of a company is the total value of its outstanding shares of stock. stock market cap valuation equity 13. Inflation refers to the ______ of prices over time. increase eradication deduction decrease 14. Gross Domestic Product (GDP) measures the ______ value of all final goods and services produced in a country. essential market total surplus 15. The ______ effect describes the impact of interest rate changes on investment. interest multiplier resourceful gruesome 16. Fiscal policy involves changes in government ______ and taxation to influence the economy. investment decision output spending 17. The ______ rate is the percentage of the labor force that is unemployed but actively seeking work. jobless job unemployment labor 18. The ______ of a currency refers to its value compared to other currencies. exchange rate interest rate value Your score is The average score is 0% 0% Restart quiz
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