Lesson 2 Macro: Business Cycle

In which phase of the business cycle is real gdp still rising?

Aggregate demand during which phase of the business cycle is usually increasing?

In which stage of the business cycle are there usually the highest levels of unemployment?

The lowest point of an economic contraction in the business cycle is called a

The upswings and downturns of the economy are called which of the following?

In which phase of the business cycle would you find a recession?

Aggregate supply is also known as which of the following?

In which phase of the business cycle does inflation usually occur?

In which business cycle stage does the economy have very little unemployment?

The ups and downs of the economy are called