The Business Cycle Answers

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Which of the following conditions is most indicative of recovery?

The economy has stopped shrinking.

The economy begins to peak.

The GDP continues to shrink.

The economy is growing again.

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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.

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

Expansion

Peak

Contraction

Trough

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