WorksheetsQUIZ 1 ECO2105 BUSINESS CYCLE
Total questions: 10
Worksheet time: 5mins
The business cycle rises above the trendline during-
rescessions
expansions
troughs
Economic recovery begins-
above the trend line
at the end of a recession (trough)
at the "boom" period
Which of the following is a peak?
A
B
C
D
Which of the following is a recession, or contraction?
A
B
C
D
Which of the following is a trough?
A
B
C
D
Which of the following is an expansion, or recovery?
A
B
C
D
If a news headline says, "Finally!!! 2 straight months of increased jobs."
Where on the business cycle is the current economy?
Peak
Contraction/Recession
Trough
Expansion/Growth/Recovery
If a news headline says, "6 straight years of growth! How much longer can the economy keep up?"
Where on the business cycle is the current economy?
Peak
Contraction/Recession
Trough
Expansion/Growth/Recovery
If a news headline says, "3 months of consecutive job losses is impacting consumer confidence."
Where on the business cycle is the current economy?
Peak
Contraction/Recession
Trough
Expansion/Growth/Recovery
The Business Cycle charts...
the ups and downs of an economy
series of stages in the economy as it expands and contracts.
the periodic growth and decline of a nation’s economy, measured mainly by its GDP (Gross Domestic Product).
All of the above
