The Business Cycle

Question 1

How does the business cycle affect consumers? Check all that apply.

Revolt · Accepted Answer

It can be harder to find a job during an economic depression.; People tend to make more money during an expansion.; Prices on gas and food will tend to increase during an expansion.

Question 2

The owner could advertise a sale and try to sell as many pairs of shoes as possible before the recession comes and prices fall even more. Then, when the recession hits a trough, the owner could use the money from this sale to expand the warehouse while costs are at their lowest point. The owner must be sure to plan for falling demand. What did you include in your response? Check all that apply.The owner should sell as many shoes as possible before prices drop during the recession.The owner must

Question 3

Which point marks a peak? Which point marks a trough? Which point marks a recession? Which point marks a recovery?

Revolt · Accepted Answer

2; Selection 1: 2; Selection 2: 4; Selection 3: 3; Selection 4: 5

Question 4

123✔ 45

Revolt · Accepted Answer

4

Question 5

12✔ 345

Revolt · Accepted Answer

3

Question 6

1234✔ 5

Revolt · Accepted Answer

5

The Business Cycle Answers

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