The Business Cycle

Question 1

Which of the following conditions is most indicative of recovery?

Revolt · Accepted Answer

The economy is growing again.

Question 2

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

Revolt · Accepted Answer

high levels of production

Question 3

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

Revolt · Accepted Answer

Trough

Question 4

During a recession, what is one way governments try to encourage growth?

Revolt · Accepted Answer

by increasing unemployment benefits

Question 5

There are five stages in a recession. 1. job loss2. falling production3. falling demand (occurs twice)4. peak production In which order do these stages occur?

Revolt · Accepted Answer

4, 3, 2, 1, 3

Question 6

best

Revolt · Accepted Answer

The recession accelerates.

Question 7

There are four stages in an economic recovery. 1. increased production2. rising demand (occurs twice)3. increased hiring In which order do these stages occur?

Revolt · Accepted Answer

2, 1, 3, 2

Question 8

best

Revolt · Accepted Answer

macroeconomic trends

Question 9

best

Revolt · Accepted Answer

Consumers spend less, causing worker layoffs.

The Business Cycle Answers

More from this Course

TRY EDGENUITY HACKS