Business Cycle Intro

Front

The business cycle directly measures which economic goal?

Back

growth

Front

The performance of which other goal(s) can be inferred from the business cycle?

Back

both full employment & price stability

Front

Which option presents the business cycle in the correct order: trough, contraction, peak, recovery; trough, expansion, peak, contraction; peak, expansion, trough, recovery; peak, contraction, recovery, trough?

Back

trough, expansion, peak, contraction

Front

The line that represents the business cycle is

Back

fluctuating

Front

Which of the following goal(s) are strong at the peak? equity, full employment, unemployment, price increase

Back

full employment

Front

Which of the following is likely to happen at the lowest point? equity, full employment, growth, high prices

Back

high prices

Front

If a news headline says, "Finally!!! 3 straight months of increased jobs and positive consumer confidence," which period on the business cycle is being referenced?

Back

Expansion/Growth/Recovery

Front

If a news headline says, "After 6 straight years of growth, is the economy at a TURNING POINT?" Where on the business cycle is the current economy?

Back

Peak

Front

If a news headline says, "3 months of consecutive job losses is negatively impacting consumer confidence," what period on the business cycle is being referenced?

Back

Contraction/Recession