Business Cycle

The lowest point of output in a recession, before a recovery begins

• trade deficit
• depression
• trough
• recovery

All of the following are points on the business cycle EXCEPT

• Peaks
• Troughs
• Expansion
• GDP

When a company buys new computers for their business, what part of the GDP equation does this count as? 

• Consumption
• Investments
• Imports
• Exports

Which letter represents the Contractionary Phase?

• A
• B
• C
• D

Which letter represents the Peak Phase?

• A
• B
• C
• D

Which letter represents the Trough Phase?

• A
• B
• C
• D

Which letter represents the Expansion Phase?

• A
• B
• C
• D

Where on the business cycle would you find the highest unemployment?

• A
• B
• C
• D

Where on the business cycle would you find the lowest unemployment?

• A
• B
• C
• D

Where on the business cycle are we most likely to see the highest inflation?

• A
• B
• C
• D