The Business Cycle

Which best describes what is represented in the business cycle model

This is a graph of the business cycle. Time is measured along the x-axis. What is measured along the y-axis?

Which best describes how a recession develops as the man in production decrease

Which statements best describe how governments respond to changes in the business cycle check all that apply

Which of the following conditions is most indicative of recovery

These are the four stages of the business cycle. 1.depression 2.prosperity 3. Recession 4. Recovery And which order do the stages occur

During a recession what is one-way governments try to encourage growth

Which scenario best reflects the relationship between production and Demand in a recession

When production is very high but demand is very low it can lead to

Income reaches the highest level at the blank point of business cycle