Business Cycle

Front

Which of the following is NOT a Phase? Expansion, Contraction, Neutral, Peak, Trough

Back

Neutral

Front

The Business Cycle measures ___ over time.

Back

economic growth

Front

The business cycle is made up of how many phases?

Back

4

Front

The business cycle rises above the trendline during-

Back

expansions

Front

GDP declines during a(an)

Back

contraction

Front

When does economic recovery begin?

Back

At the end of a recession (trough).

Front

When GDP rises faster than the long-run trend, the economy is experiencing-

Back

expansion

Front

When does GDP begin to decline?

Back

the peak.

Front

Where on the business cycle is the current economy if a news headline says, "Finally!!! 2 straight months of increased jobs." Options: Peak, Contraction/Recession, Trough, Expansion/Growth/Recovery

Back

Expansion/Growth/Recovery

Front

Where on the business cycle is the current economy if a news headline says, "3 months of consecutive job losses is impacting consumer confidence"?

Back

Contraction/Recession