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Free CFA Economics Practice Questions & Answers

2,050 exam-style Economics questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

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Question 421
Business cycles occur mainly in economies that:
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Question 422
Business cycles are recurrent but not periodic, meaning:
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Question 423
The two broad phases of the business cycle are:
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Question 424
A peak in the business cycle represents:
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Question 425
A trough represents:
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Question 426
Classical cycles measure fluctuations in:
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Question 427
A limitation of the classical cycle is that:
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Question 428
The growth cycle focuses on fluctuations:
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Question 429
Growth cycle peaks occur:
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Question 430
The growth rate cycle focuses on fluctuations in:
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Question 431
A key advantage of the growth rate cycle is:
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Question 432
In the recovery phase, actual output is:
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Question 433
During recovery, economic activity:
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Question 434
During expansion, actual output:
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Question 435
A boom phase is characterized by:
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Question 436
During slowdown, the output gap:
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Question 437
During slowdown, growth is:
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Question 438
During contraction, actual output:
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Question 439
A recession occurs when:
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Question 440
In recovery, employment:
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Question 441
In expansion, companies:
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Question 442
In slowdown, companies often:
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Question 443
In contraction, companies first:
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Question 444
Inflation during recovery is:
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Question 445
Inflation during expansion:
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Question 446
Inflation during slowdown:
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Question 447
Inflation during contraction:
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Question 448
Leads and lags occur because:
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Question 449
Equity markets typically bottom:
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Question 450
During early recovery, risky assets:
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