Economic Fluctuations: Definition & Model

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of economic fluctuation?

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1. What's the name of the model economists use to explain economic fluctuations in a market economy?

2. What do you call the period of economic fluctuation where growth is the highest during a business cycle?

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About This Quiz & Worksheet

This quiz and worksheet combo will assess your knowledge of economic fluctuations and the natural business cycle of a market economy. In order to pass the quiz, you'll need to be able to name and define the different phases of the business cycle.

Quiz & Worksheet Goals

In these assessments you'll be tested on the definitions of:

  • Recovery
  • Recession and depression
  • Business cycle
  • Economic fluctuation
  • Peak

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on economic fluctuations
  • Making connections - understand how the different phases of the business cycle fit together
  • Defining key concepts - ensure that you can accurately define main terms, such as peak and recovery
  • Distinguishing differences - compare and contrast topics from the lesson, such as recession and depression

Additional Learning

To learn more about economic fluctuations, review the accompanying lesson called Economic Fluctuations: Definition & Model. The lesson will help you:

  • Define economic fluctuation
  • Explain the business cycle and its phases
  • Differentiate between a 'boom' and a 'recession'
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