Business Cycles

Business Cycles

Multiple Choice

The US economy can sustain excellence and never have dips

• True

• False

Multiple Choice

If you had to guess...which economic cycle is the US currently in?

• Expansion

• Peak

• Trough

• Recession

Multiple Choice

According to the graph...which type of unemployment would we see most in a recession?

• Seasonal

• Frictional

• Structural

• Cyclical

Multiple Choice

What is the main difference between a recession and a depression?

• type of economy

• Length

• Who is the President

• Whatever Coach Moman says

Multiple Choice

Which of the following would explain the US economies recession today?

• Negative Economic Shock

• Land

• High interest rates

Multiple Choice

Which of the following would explain a recession if there was an "oil shortage"?

• Negative Economic Shock

• Land

• High Interest Rates