Expansion
Contraction
Peak
Trough
Class facts
100

What is the phase of a business cycle that occurs after a trough and before a peak?

What is Expansion

100

What is the top example of a recession

What is The Great Depression

100
Define Peak
What is when the expansion transitions into a contraction phase
100
Define trough.
What is the end of a period of declining business activity and the transition to expansion.
100

In a bike shop 

Where does Lewis work?

200

Another name for expansion.

What is upswing?

200

What marks the beginning of a recession in the business cycle

What is Peak

200

An indicator of a peak beginning

What is when companies start to report flat revenues?

200
What happens to the unemployment rate during a trough?
What is it bottoms out?
200

The menstrual cycle 

What does Matt think about?

300

Another word for expansion in the "boom-and-bust" cycle

What is boom?

300

What happens when the GDP turns negative for two consecutive quarters?

What is a recession

300
When can you tell when a peak exactly occurs.
What is it's impossible?
300
The month of a trough
What is when the economy transitions from the contraction phase to the expansion phase.
300

Rhymes with plasma 

Who is Yasma?

400

On average, how long do business cycles last?

What is 7 to 9 years?

400

What type of fiscal policy happens in a Contraction?

What is contractionary fiscal policy

400
When real GDP STOPS increasing?
What is PEAK
400
The GDP growth during a trough
What is -5% or lower?
400

Loves crypto 

What does Luke do?

500

When do expansion happen ?

What is when the RBA lowers interest rates and buys back bonds in the open market to add money to the financial system?

500

What is the most recent recession in Australia?

What started at the beginning of 2020

500

What cycle is Australia in right now?

Recession- we have to make sure this is correct.

500
The most recent trough occurrence as of 2016
What is June 2016?
500

0.35%

What is the current cash rate?

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