The Business Cycle Flashcards
1
Q
GDP has started to increase
A
early expansion
2
Q
growth is peaking
A
mid expansion
3
Q
growth is moderating
A
late expansion
4
Q
falling activity
A
contraction
5
Q
credit is starting to grow
A
early expansion
6
Q
credit is experiencing strong growth
A
mid expansion
7
Q
credit is starting to tighten
A
late expansion
8
Q
credit has dried up
A
contraction
9
Q
profits have declined
A
contraction
10
Q
profits are growing rapidly
A
early expansion
11
Q
earnings are under pressure
A
late expansion
12
Q
profit growth is currently peaking
A
mid expansion
13
Q
policy is contractionary
A
late expansion
14
Q
policy is neutral
A
mid expansion
15
Q
policy has eased
A
contraction
