The Business Cycle Answers

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

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

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

Why might buying a home during a recession be a good decision for some consumers? Choose three answers.

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

Which best describes what is represented in the business cycle model?

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

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