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