Business Cycle Scenarios

The following statement is about what phase of the business cycle: Economic activity begins to slow down

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: New businesses open during a high time

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: High unemployment

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Rise in business activity after a recession or depression

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Low unemployment

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: This phase is rare (has only occurred once in U.S history)

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Production starts to increase after a low time

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Businesses produce less so they need fewer workers

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Peak of economic activity

• Prosperity

• Recession

• Depression

• Recovery

The following statement is about what phase of the business cycle: Productivity at an all time low

• Prosperity

• Recession

• Depression

• Recovery