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. Phillips inflation supply GDP 2. Supply-side economics focuses on increasing ______ by lowering taxes and reducing regulation. growth liquidity production demand 3. The ______ theory suggests that markets are always clear and efficient. total market efficient markets liquid market market equilibrium 4. A ______ is a long-term decline in economic activity and productivity. decline recession downturn depression 5. The ______ of a currency refers to its value compared to other currencies. interest rate value exchange rate 6. Inflation refers to the ______ of prices over time. eradication increase deduction decrease 7. A ______ market occurs when prices are falling and investor confidence is low. bear stagnant bull volatile 8. A ______ market is characterized by rising prices and investor optimism. bull volatile stagnant bear 9. The ______ of supply and demand determines the price of goods in a market economy. relationship intersection interaction balance 10. ______ is the study of how people manage scarce resources to meet their needs. Market study Resource management Economics Economic theory 11. Keynesian economics advocates for ______ intervention to manage economic cycles. supply monetary government fiscal 12. Monetary policy is primarily concerned with managing the ______ supply. currency money credit liquidity 13. The ______ rate is the percentage of the labor force that is unemployed but actively seeking work. unemployment job jobless labor 14. The ______ effect describes the impact of interest rate changes on investment. multiplier interest gruesome resourceful 15. Gross Domestic Product (GDP) measures the ______ value of all final goods and services produced in a country. essential market surplus total 16. A ______ is a situation where aggregate demand is less than aggregate supply. imbalance deficit surplus growth 17. The ______ of a company is the total value of its outstanding shares of stock. market cap equity valuation stock 18. Fiscal policy involves changes in government ______ and taxation to influence the economy. spending output investment decision Your score is The average score is 0% 0% Restart quiz
Explore More >
More of Everything
Pre-intermediate English Grammar Test 3
Intermediate English Grammar Test 5
Movement and Actions
Ultimate IPL Fan Quiz
Educational Terms and Vocabulary