The Business Cycle

Question 1

activity rebounds

Answer 1

Early expansion

Question 2

GDP is rebounding

Answer 2

early expansion

Question 3

credit is starting to grow

Answer 3

early expansion

Question 4

employment rebounds

Answer 4

early expansion

Question 5

profits are growing rapidly

Answer 5

early expansion

Question 6

policy is stimulative

Answer 6

early expansion

Question 7

inventories are low and sales are improving

Answer 7

early expansion

Question 8

growth is peaking

Answer 8

mid expansion

Question 9

profit growth is peaking

Answer 9

mid expansion

Question 10

policy is neutral

Answer 10

mid expansion

Question 11

inventories and sales are growing

Answer 11

mid expansion

Question 12

equilibrium has been reached

Answer 12

mid expansion

Question 13

growth is moderating

Answer 13

late expansion

Question 14

credit is tightening

Answer 14

late expansion

Question 15

earnings are under pressure

Answer 15

late expansion

Question 16

policy is contractionary

Answer 16

late expansion

Question 17

inventories are growing and sales growth is falling

Answer 17

late expansion

Question 18

activity is falling

Answer 18

contraction

Question 19

credit has dried up

Answer 19

contraction

Question 20

profits are declining

Answer 20

contraction

Question 21

policy is or has been easing

Answer 21

contraction

Question 22

inventories and sales have both fallen

Answer 22

contraction