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Economic Test

Enter the letter for the matching Definition
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1.
Recession
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2.
Business Cycle
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3.
Laissez-faire
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4.
Expansion
A.
A decline in total production lasting at least two consecutive quarters, or at least six months.
B.
The phrase of economic activity during which the economy's total output increases.
C.
Recurring slowdown and growth of an economy.
D.
Economic system in which the government minimizes its interference with the economy.
Type the Term that corresponds to the displayed Definition.
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5.
The number of people without jobs who are looking for work divided by the number in the labor force.
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6.
Major slow down of economic activity.
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7.
The increase in the overall economic activity.
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8.
A successful, flourishing, or thriving condition, esp. in financial respects; good fortune.

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Created by: kiarahoskins
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