The Business Cycle measures ___ over time.

The business cycle is made up of how many phases?

The business cycle rises above the trendline during-

GDP declines during a(an)

Economic recovery begins-

When GDP rises faster than the long-run trend the economy is experiencing-

GDP will begin to decline at-

If a news headline says, "Finally!!! 2 straight months of increased jobs."

Where on the business cycle is the current economy?

If a news headline says, "3 months of consecutive job losses is impacting consumer confidence."

Where on the business cycle is the current economy?

GDP declines during a(an)

Which of the following is a peak?

Which of the following is a recession, or contraction?

Which of the following is a trough?

Which of the following is an expansion, or recovery?

GDP divided by ______ = GDP per capita

Economic recovery begins-

When GDP rises faster than the long-run trend the economy is experiencing-

Refers to an increase in the general price level associated with an increase in the cost of production.

Inflation Rate =