Money

Question 1

Which event most likely explains renewed demand in a recovery period?

Revolt · Accepted Answer

Economic policy renews consumer confidence and demand.

Question 2

best

Revolt · Accepted Answer

Consumers spend less, causing worker layoffs.

Question 3

best

Revolt · Accepted Answer

Car dealerships cannot sell their stock.

Question 4

Which stage of the business cycle is an economy in when it reaches its low point?

Revolt · Accepted Answer

Trough

Question 5

This is a graph of the business cycle.Time is measured along the x-axis. What is measured along the y-axis?

Revolt · Accepted Answer

economic output

Question 6

Read a passage from a speech given by President Barack Obama.Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit . . . And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits.–President Barack Obama, February 4, 2009

Revolt · Accepted Answer

It describes government measures to stimulate demand and bring about a recovery.

Question 7

The graphs show the US unemployment rate and the price of whole milk between 2006 and 2012.

Revolt · Accepted Answer

As unemployment rates rise, average prices fall.

Question 8

Which statement best describes why it is difficult to sell a home during a recession?

Revolt · Accepted Answer

Demand greatly decreases.

Question 9

Which of the following conditions is most indicative of recovery?

Revolt · Accepted Answer

The economy is growing again.

Question 10

Which of the following is a characteristic of prosperity in the peak phase of the business cycle?

Revolt · Accepted Answer

high levels of production

Money Answers

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