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