Business Cycle

Front

The Business Cycle measures ___ over time.

Back

economic growth

Front

A trend line will show-

Back

an increase in Real GDP over time.

Front

The business cycle rises above the trendline during-

Back

expansions

Front

GDP declines during a(an)

Back

contraction

Front

GDP will begin to decline at-

Back

the peak.

Front

Inflation measures...

Back

an increase in the general price level

Front

Unemployment measures...

Back

the percentage of people looking for work that can't find it

Front

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

Back

A

Front

Which of the following is a recession, or contraction?

Back

B

Front

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

Back

C