The Cyclical Phases of the US Economy


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

question 1 of 3

How many quarters of a shrinking economy form a recession?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the term given to money that has shrinking value?

2. Which of these terms does not belong with the other three?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

The cyclical phases of the U.S. economy is a tricky subject for some, so we've made this worksheet and quiz to help you out. For the quiz, you'll need to understand certain things like the number of quarters it takes for an economy to be considered in a recession and what it means for money to lose its value.

Quiz & Worksheet Goals

Answer multiple-choice questions on:

  • A term or phrase related to the economy that doesn't fit with the other three
  • The term that describes a risk posed by an economy that is growing too fast
  • One reason an economy that isn't stable could be a positive thing

Skills Practiced

  • Interpreting information - verify that you can read information regarding the ups and downs of the U.S. economy and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the word for a danger facing an economy that is growing too quickly
  • Making connections - use understanding of the concept of economic growth to recognize how it's connected to an economic downturn

Additional Learning

Learn more about our economy and how it functions, in theory, with the lesson called The Cyclical Phases of the US Economy. Pay close attention to these particular areas in the lesson:

  • Price fluctuations
  • Growth as an economic positive
  • Economic stability with regard to growth
  • The flow of capital (money) and its relation to economic stability
  • Fiscal policies and how they're implemented
  • The Federal Reserve and its role in managing Monetary Policy for the US economy