The Business Cycle Answers
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When production is very high but demand is very low, it can lead to
A
a recession.B
a recovery.C
prosperity.D
the peak.2
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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
demand3
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?
A
2, 1, 2, 3B
3, 2, 1, 2C
2, 3, 1, 2D
2, 1, 3, 24
Which best describes the nature of cause and effect in the context of the business cycle?
A
Consumers spend less, causing worker layoffs.B
Demand falls, causing production to stay at its peak.C
A recession begins, causing consumers to spend more.D
Goods are overproduced, causing a surplus in jobs.Did you find these answers helpful?
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