The Business Cycle

Question 1

best

Revolt · Accepted Answer

Consumers spend less, causing worker layoffs.

Question 2

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

Revolt · Accepted Answer

by increasing unemployment benefits

Question 3

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

Revolt · Accepted Answer

Economic policy renews consumer confidence and demand.

Question 4

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

Revolt · Accepted Answer

Demand greatly decreases.

Question 5

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 6

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 7

best

Revolt · Accepted Answer

The recession accelerates.

Question 8

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 9

best

Revolt · Accepted Answer

Car dealerships cannot sell their stock.

Question 10

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

Revolt · Accepted Answer

a recession.

The Business Cycle Answers

More from this Course

TRY EDGENUITY HACKS