The Business Cycle Flashcards
1
Q
activity rebounds
A
Early expansion
2
Q
GDP is rebounding
A
early expansion
3
Q
credit is starting to grow
A
early expansion
4
Q
employment rebounds
A
early expansion
5
Q
profits are growing rapidly
A
early expansion
6
Q
policy is stimulative
A
early expansion
7
Q
inventories are low and sales are improving
A
early expansion
8
Q
growth is peaking
A
mid expansion
9
Q
profit growth is peaking
A
mid expansion
10
Q
policy is neutral
A
mid expansion
11
Q
inventories and sales are growing
A
mid expansion
12
Q
equilibrium has been reached
A
mid expansion
13
Q
growth is moderating
A
late expansion
14
Q
credit is tightening
A
late expansion
15
Q
earnings are under pressure
A
late expansion
