CFA 2026 Level I Economics Business Cycles Free Quiz 1

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CFA 2026 Level I Economics Business Cycles Free Quiz 1

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CFA 2026 Level I Economics Business Cycles Free Quiz 1

Practice CFA 2026 Level I Economics MCQs from Business Cycles. Get instant results with Explanation.

General5 MCQs

1. What is the business cycle?

A. Recurring pattern of expansion and contraction in economic activity.B. Long-term increase in productive capacity.C. Short-term fluctuations in weather-related output.D. Permanent changes in economic structure.

2. What are the four phases of the business cycle?

A. Expansion, peak, contractionB. Expansion, peak, contraction, troughC. Expansion, recession, depression, recoveryD. Growth, peak, recession, recovery

3. What is the typical definition of a recession?

A. One quarter of negative growthB. Two quarters of negative growthC. Three quarters of negative growthD. A depression

4. What is the difference between leading and lagging indicators?

A. Leading indicators confirm economic trends.B. Lagging indicators predict economic activity.C. Leading and lagging indicators move in opposite directions.D. Leading indicators predict future activity; lagging indicators confirm past trends.

5. Is the unemployment rate a leading or lagging indicator?

A. Unemployment is a lagging indicator.B. Unemployment is a leading indicator.C. Unemployment is a coincident indicator.D. Unemployment is not related to the business cycle.

General5 MCQs

6. What type of indicator is consumer confidence?

A. Lagging indicatorB. Leading indicatorC. Coincident indicatorD. Not an indicator

7. What type of indicator is inflation?

A. Leading indicatorB. Coincident indicatorC. Lagging indicatorD. Not an indicator

8. What is the output gap?

A. The difference between nominal and real GDPB. The difference between actual and expected inflationC. The difference between actual and natural unemploymentD. The difference between actual GDP and potential GDP

9. What does a positive output gap indicate?

A. Actual GDP > Potential GDPB. Actual GDP < Potential GDPC. Actual GDP = Potential GDPD. Actual GDP is negative

10. What type of indicator is the labor market?

A. Leading indicatorB. Lagging indicatorC. Coincident indicatorD. Not an indicator

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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