Answers2102320-Economics HONORS - Edgenuity TeacherThe Business Cycle

The Business Cycle Answers

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1
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During a recession, what is one way governments try to encourage growth?

A
by increasing unemployment benefits
B
by stopping government spending
C
by requiring firms to maintain production
D
by eliminating all tax breaks
2
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Income reaches the highest level at the point of the business cycle.

Answer not available
3

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

A
Mortgage rates are high.
B
Demand greatly decreases.
C
Mortgages become unavailable.
D
Housing prices increase.
4

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

A
It describes government measures to stimulate demand and bring about a recovery.
B
It describes government measures to increase production and bring about a depression.
C
It describes a shift in government policies during a trough on the business cycle.
D
It describes a shift in government policies during a peak on the business cycle.
5

Which best describes what is represented in the business cycle model?

A
the interactions between producers and consumers
B
the change in production cost
C
macroeconomic trends
D
supply and demand trends

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