Business Cycle/Monetary and Fiscal Policy

Front

The Business Cycle measures ___ over time.

Back

economic growth

Front

The business cycle is made up of how many phases?

Back

4

Front

GDP declines during a(an)

Back

contraction

Front

Economic recovery begins-

Back

at the end of a recession (trough)

Front

Where on the business cycle is the current economy if a news headline says, "Finally!!! 2 straight months of increased jobs."?

Back

Expansion/Growth/Recovery

Front

Where on the business cycle is the current economy if a news headline says, "3 months of consecutive job losses is impacting consumer confidence"?

Back

Contraction/Recession

Front

Which of the following is a peak? A, B, C, D

Back

A

Front

Which of the following is an expansion, or recovery? A, B, C, D

Back

D

Front

Which of the following is a trough? A, B, C, D

Back

C

Front

Which of the following is a recession, or contraction? A, B, C, D

Back

B