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Business Cycle
Business Cycle
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StudBud Administration
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A quiz to study the business cycle #deca #businesscycle
Flashcards
17 cards
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Questions
17
Answers
1
During what phase do unemployment rates rise?
Expansion
Recession
Peak
Trough
2
What does #3 represent?
Trough
Expansion
Recession
Peak
3
While in the ______ phase help from the government may be required.
Recession
Expansion
Trough
Peak
4
Economic activity goes up during this phase of the business cycle
Peak
Expansion
Trough
Recession
5
The business cycle is a fluctuation of ________ over time.
growth
economic activity
prices
spending
6
What does #4 represent?
Trough
Peak
Expansion
Recession
7
When there is unstable growth, what phase is this?
Recession
Peak
Expansion
Trough
8
What does #2 represent?
Expansion
Trough
Recession
Peak
9
Over _____ term a business cycle will show and upward growth trend.
short
long
10
Low unemployment rates are part of this phase
Peak
Trough
Recession
Expansion
11
What does #1 represent?
Trough
Expansion
Peak
Recession
12
What does GDP stand for?
Gross Domestic Price
Government Distributing Products
Growth Domestic Product
Gross Domestic Product
13
Over ______ term a business will show a wavelike pattern.
short
long
14
When demand exceeds supply, this is during the _____ phase.
Peak
Recession
Trough
Expansion
15
Investment and prices fall during the _______ phase.
Recession
Trough
Expansion
Peak
16
Which of the following is not a phase of the business cycle?
Peak
Unemployment
Recession
Expansion
17
During which phase is GDP at its lowest point?
Trough
Recession
Expansion
Peak
