A significant decline in general economic activity extending over a period of time is
The trough of a business cycle occurs when hits its lowest point.
The lowest point in the business cycle is referred to as the
A leading indicator is
A variable that tends to move later than aggregate economic activity is called
Which of the following does not occur during an expansion?
Which of the following best describes a typical business cycle?
During recession, the unemployment rate and output .
The four phases of the business cycle are
Leading economic indicators
Peaks and troughs of the business cycle are known collectively as
The term business cycle refers to
When does an economic expansion occur in the business cycle?
Increasing Prosperity and High standards of living are the characteristics of
The end of expansion is termed as —
GDP is a
Industries that are extremely sensitive to the business cycle are the
A decrease in government spending would cause
During recession, the unemployment rate __________ and output________
When aggregate economic activity is declining, the economy is said to be in
Economic recession shares all of these characteristics except
The different phases of a business cycle
Which of the following is not an example of coincident indicator?
According to _________ trade cycle occurs due to onset of innovations.
According to Keynes, Fluctuations activity are due to fluctuations in