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
finish