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