Business Cycles
8 minutes ago
mvelasquez_45458
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12 QuestionsShow answers
  • Question 1
    30 seconds
    Q. The Lowest point in the business cycle
    answer choices
    Peak
    Trough
    Expansion
    Contraction
  • Question 2
    30 seconds
    Q. The HIGHEST Point in business cycle
    answer choices
    Peak
    Trough
    Contraction
    Recession
  • Question 3
    30 seconds
    Q. Which phase of the Business Cycle includes the economy slowing down?
    answer choices
    Prosperity
    Recession
    Depression
    Recovery
  • Question 4
    120 seconds
    Q. The lowest point of output in a recession, before a recovery begins is called
    answer choices
    trade deficit
    depression
    trough
    recovery
  • Question 5
    120 seconds
    Q. When a recession is predicted in an economy which of the following occurs?
    answer choices
    businesses decrease investment
    consumers increase spending
    businesses increasing hiring
    businesses increase investment
  • Question 6
    60 seconds
    Q. Which letter represents the Contractionary (Recession) Phase?
    answer choices
    A
    B
    C
    D
  • Question 7
    60 seconds
    Q. Where on the business cycle would you find the highest unemployment?
    answer choices
    A
    B
    C
    D
  • Question 8
    30 seconds
    Q. Which phase of the Business Cycle includes the economy slowing down?
    answer choices
    Expansion
    Recession
    Depression
    Recovery
  • Question 9
    30 seconds
    Q.

    This economic model is called:

    answer choices

    The business cycle

    Supply & demand

    Production Possibilities Curve

    Circular Flow Model

  • Question 10
    30 seconds
    Q.

    Point 3 represents

    answer choices

    Trough

    Expansion

    Peak

    Depression

  • Question 11
    30 seconds
    Q.

    Which recent historical event most represents Point 2 and 3 on the chart?

    answer choices

    Great Recession

    Current Economy

    Great Depression

    "Dot Com" Boom of the early 2000s

  • Question 12
    30 seconds
    Q.

    What is the biggest difference between a "recession" and a "depression"?

    answer choices

    Length and severity of economic contraction

    Depressions are more frequent than recessions

    Depressions only happen when banks fail

    Recessions are more severe than depressions

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