Business cycle

Question 1

The phases of business cycle are

Answer 1

Expansion and Contraction

Question 2

The two points in the business cycle phases are

Answer 2

Peak and trough

Question 3

What is characterized by high GDP and high employment (low unemployment)

Answer 3

Peak - a point in the business cycle

Question 4

What is characterized by low GDP and low employment (high unemployment)

Answer 4

Trough - a point in the business cycle

Question 5

What is characterized by increasing GDP and increasing employment (decreasing unemployment

Answer 5

Expansion. A phase of the business cycle

Question 6

What is characterized by decreasing GDP and decreasing employment (increasing unemployment)

Answer 6

Contraction. A phase of the business cycle.

Question 7

What is characterized by falling activity, credit drying up, profits, declining and inventories falling

Answer 7

Contraction

Question 8

What is indicated by activity, rebounding credit, beginning to grow profits, growing rapidly and Sales improving

Answer 8

Early expansion

Question 9

What is characterized by growth, peeking, credit growth, strong profit growth, peeking policy, neutral, and equilibrium reached

Answer 9

Mid expansion

Question 10

What is characterized by growth, moderating credit tightening, earnings under pressure policy concert victory and inventories growing with Sales falling

Answer 10

Late expansion

Question 11

During which phase of the business cycle is inflation, the highest

Answer 11

Late expansion