The Business Cycle Answers

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?

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

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

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 of the following conditions is most indicative of recovery?

The graphs show the US unemployment rate and the price of whole milk between 2006 and 2012.

Which indicators do economists use to determine the state of the economy? Choose three answers.pricesimmigration levelsagricultural outputemployment levelsgross domestic product (GDP)

Income reaches the highest level at the point of the business cycle.

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