The Business Cycle Answers

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

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?

Which indicators do economists use to determine the state of the economy? Choose three answers.

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

When production is very high but demand is very low, it can lead to

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?

Which best describes the nature of cause and effect in the context of the business cycle?