The Business Cycle Answers

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

Which scenario best reflects the relationship between production and demand in a recession?

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

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

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

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

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

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?

Read a passage from a speech given by President Barack Obama.Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit . . . And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits.–President Barack Obama, February 4, 2009