Business Cycles and Recessions
9 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is NOT a characteristic of business cycles?

  • Fluctuations in macroeconomic variables
  • Changes in real income
  • Expansion followed by recession
  • Stable economic activity (correct)

    • How is a recession defined in the United States?

  • A decline in real GDP and real income
  • A decline in economic activity lasting more than a few months (correct)
  • A decline in wholesale-retail sales
  • A decline in industrial production and employment

    • What is typically used to measure business cycles?

  • Employment
  • Real income
  • Real Gross Domestic Production (correct)
  • Wholesale-retail sales

    • How do individual episodes of expansion and recession occur in business cycles?

    <p>With changing duration and intensity over time</p> Signup and view all the answers

    Which of the following is a common characteristic of business cycles?

    <p>Periods of expansion followed by recession</p> Signup and view all the answers

    What is one way to measure business cycles?

    <p>Real Gross Domestic Product</p> Signup and view all the answers

    How is a recession defined in the United States?

    <p>A significant decline in economic activity spread across the market</p> Signup and view all the answers

    What are business cycle fluctuations usually characterized by?

    <p>Periods of expansion and recession</p> Signup and view all the answers

    How do individual episodes of expansion and recession occur in business cycles?

    <p>They occur with changing duration and intensity over time</p> Signup and view all the answers

    More Like This

    The Business Cycle Quiz
    3 questions

    Business Cycle Quiz: Test Your Knowledge

    SuperbSpessartine avatar
    SuperbSpessartine
    Business Cycles and Recessions Quiz
    5 questions

    Business Cycles and Recessions Quiz

    ClearAlmandine avatar
    ClearAlmandine
    Economic Contraction and Business Cycles Quiz
    10 questions

    Economic Contraction and Business Cycles Quiz

    ResplendentFern avatar
    ResplendentFern
    Business Cycles Overview
    16 questions

    Business Cycles Overview

    ComplementaryTechnetium avatar
    ComplementaryTechnetium
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser