Business Cycle


#1. When aggregate economic activity is declining, the economy is said to be in

#2. The trough of a business cycle occurs when _____ hits its lowest point.

#3. . During recession, the unemployment rate ___________ and output ___________.

#4. The term business cycle refers to

#5. A leading indicator is

#6. Leading economic indicators

#7. Economic indicators are –

#8. The lowest point in the business cycle is referred to as the

#9. According to Keynes, fluctuations in Economic activities are due to

#10. Business cycle generally originate in free market economies, what is a free market economy?

#11. Industries that are extremely sensitive to the business cycle are the

#12. Which economic indicator is required to predict the turning point of business cycle?

#13. The different phases of a business cycle

#14. Which of the following is not an example of coincident indicator?

#15. Which of the following best describes a typical business cycle?

#16. Which of the following is the cause of business cycles?

#17. The most probable outcome of an increase in the money supply is

#18. A significant decline in general economic activity extending over a period of time is

#19. Which of the following statements is correct?

#20. Peaks and troughs of the business cycle are known collectively as

#21. A variable that tends to move later than aggregate economic activity is called

#22. Which of the following is not a characteristic of business cycles?

#23. Which of the following does not occur during an expansion?

#24. A decrease in government spending would cause

#25. The four phases of the business cycle are

#26. According to ________________ trade cycles occur due to onset of innovations

#27. Economic recession shares all of these characteristics except