The Business Cycle Answers
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Which event most likely explains renewed demand in a recovery period?
C
Consumers choose to save more and spend less.E
Economic policy renews consumer confidence and demand.P
Producers decrease prices to prompt demand and recovery.P
Production decreases to prompt increased demand.2
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Which of the following conditions is most indicative of recovery?
A
The economy has stopped shrinking.B
The economy begins to peak.C
The GDP continues to shrink.D
The economy is growing again.3
This is a graph of the business cycle.Time is measured along the x-axis. What is measured along the y-axis?
A
employment levelsB
pricesC
economic outputD
demand4
When production is very high but demand is very low, it can lead to
a
a recession.a
a recovery.p
prosperity.t
the peak.5
best
C
Consumers spend less, causing worker layoffs.D
Demand falls, causing production to stay at its peak.A
A recession begins, causing consumers to spend more.G
Goods are overproduced, causing a surplus in jobs.Did you find these answers helpful?
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