Business Cycle

Front

When the economy has reached maximum growth, economists call this the...

Back

Peak

Front

When the economy reaches the lowest point of an economic downturn, economists call this the...

Back

Trough

Front

Economists label a recovering economy as being in what phase of the Business Cycle? Options: Peak, Expansion, Contraction, Trough

Back

Expansion

Front

Economists label a recessing economy as being in what phase of the Business Cycle?

Back

Contraction

Front

The Great Depression was an example of this phase of the Business Cycle:

Back

Trough

Front

The Roaring 20's and Post War Boom were examples of this phase of the Business Cycle:

Back

Peak

Front

The Global Pandemic of COVID 19 has put our economy into the phase of the Business Cycle?

Back

Contraction