Expansion
A contraction is upward or downward sloping?
What is downward sloping?
Measures short-term economic activity?
What is real GDP?
What happens to the unemployment rate during a trough?
What is it reaches its highest?
Economic growth occurs when?
What is the business cycle is experiencing an expansion?
Another word for expansion that lasts for 6 months?
What is boom?
What happens when the GDP turns negative for 6 months?
What is a recession
Troughs are beneficial?
What is false?
Who measures the business cycle
What is the ABS?
During an expansion, what would you expect to happen to unemployment?
What is a decrease in unemployment?
What type of budgetary policy happens in a Contraction?
What is contractionary fiscal policy
What would happen to real GDP during a peak?
What is it stops?
The GDP growth during a trough
What is very low?
Who manages the business cycle?
What is the government and the RBA?
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?
What would you expect to happen to economic growth during a contraction?
What is decreasing?
Peaks are beneficial to the economy?
What is it depends, but usually no?
Troughs will generate employment growth?
What is false?
What is the biggest factor that causes a depression?
What is consumer confidence