Business Cycle
#1. According to Keynes, fluctuations in Economic activities are due to
#2. When aggregate economic activity is declining, the economy is said to be in
#3. Leading economic indicators
#4. . During recession, the unemployment rate ___________ and output ___________.
#5. A leading indicator is
#6. Which of the following does not occur during an expansion?
#7. Which of the following is the cause of business cycles?
#8. The trough of a business cycle occurs when _____ hits its lowest point.
#9. Economic recession shares all of these characteristics except
#10. Which economic indicator is required to predict the turning point of business cycle?
#11. Which of the following is not a characteristic of business cycles?
#12. Which of the following is not an example of coincident indicator?
#13. A variable that tends to move later than aggregate economic activity is called
#14. The most probable outcome of an increase in the money supply is
#15. The term business cycle refers to
#16. The four phases of the business cycle are
#17. Which of the following statements is correct?
#18. Industries that are extremely sensitive to the business cycle are the
#19. The different phases of a business cycle
#20. Peaks and troughs of the business cycle are known collectively as
#21. Which of the following best describes a typical business cycle?
#22. According to ________________ trade cycles occur due to onset of innovations
#23. A decrease in government spending would cause
#24. The lowest point in the business cycle is referred to as the
#25. Business cycle generally originate in free market economies, what is a free market economy?
#26. Economic indicators are –
#27. A significant decline in general economic activity extending over a period of time is
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