Sec 9.1

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What is the state of the business cycle characterized by rising consumer demand and higher wages?

Expansion

Based on declining GDP over two quarters, what would be a leading economic indicator?

Purchasing Managers' Index (PMI)

If the economy is showing signs of moving into a recession, which company is likely to deliver the best returns?

A discount store chain

What are profits that are not distributed to shareholders called?

Retained earnings

Explore the features of a quiz creation platform and test your knowledge on business cycles. Learn about the characteristics of different states in the business cycle, such as rising consumer demand and higher wages. Understand how economic data can be used to analyze the gross domestic product (GDP).

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