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Mac4: Business cycle, recession
By Jeffrey See
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Last updated about 6 years ago
5 questions
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Question 1
1.
A decrease in real GDP lasting a minimum of 2 successive quarters and accompanied by rising unemployment and falling incomes is a definition of:
Consumer price index (CPI)
Catastrophy
Depression
Recession
Question 2
2.
In the business cycle above number 4 represents:
Peak
Expansion/recovery
Contraction/Recession
Trough
Question 3
3.
In the business cycle above number 3 represents:
Trough
Peak
Contraction/recession
Expansion/recovery
Question 4
4.
In the business cycle above number 2 represents:
Expansion/recovery
Contraction/recession
Peak
Trough
Question 5
5.
In the business cycle above number 1 represents:
Peak
Expansion/recovery
Trough
Contraction/recession
