WorksheetsBusiness Cycle
Total questions: 13
Worksheet time: 56mins
Which of the following is NOT a Phase?
Expansion
Contraction
Neutral
Peak
Trough
The Business Cycle measures ___ over time.
wealth
inflation
economic growth
GDP declines during a(an)
peak
contraction
expansion
Economic recovery begins-
above the trend line
at the end of a recession (trough)
at the "boom" period
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, "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
GDP declines during a(an)
peak
contraction
expansion
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
During the peak phase of the business cycle:
GDP is at the maximum; Unemployment is at the lowest; Inflation increases
GDP decreases; Unemployment increases; inflation starts decreasing
GDP is at the lowest; unemployment increases; inflation decreases
During the trough phase of the business cycle:
GDP is the lowest; unemployment increases; inflation decreases
GDP increases; unemployment decreases; inflation slowly increases
GDP is at the maximum; unemployment is at the lowest; inflation is increasing
