The Business Cycle Answers

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

Which statement best describes why it is difficult to sell a home during a recession?

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There are five stages in a recession. 1. job loss2. falling production3. falling demand (occurs twice)4. peak production In which order do these stages occur?

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There are four stages in an economic recovery. 1. increased production2. rising demand (occurs twice)3. increased hiring In which order do these stages occur?

The graphs show the US unemployment rate and the price of whole milk between 2006 and 2012.

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

Which of the following is a characteristic of prosperity in the peak phase of the business cycle?

Read a passage from a speech given by President Barack Obama.Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit . . . And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits.–President Barack Obama, February 4, 2009

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Why might buying a home during a recession be a good decision for some consumers? Choose three answers.Housing prices are down.It is easier to get a mortgage.Less demand means more options for buyers.Less demand means less competition with other buyers.Fewer houses are on the market.

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Which stage of the business cycle is an economy in when it reaches its low point?

Which event most likely explains renewed demand in a recovery period?

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