Expansion
Contraction
Peak
Trough
Big Ole 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
Sharlene's favorite color
What is blue?
200
Another name for expansion.
What is economic recovery?
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
Economic growth occurs when
What is a sustained increase in GDP.
300
Another word for expansion in the "boom-and-bust" cycle
What is boom?
300
What happens when the GDP turns negative?
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
Who measures the business cycle
What is the National Bureau of Economic Research
400
On average, how long do expansions last
What is 3 to 4 years?
400
Term for a recession lasting more than a year?
What is depression
400
When real GDP STOPS increasing?
What is PEAK
400
The GDP growth during a trough
What is -5% or lower?
400
Who manages the business cycle.
What is the government
500
When do expansion happen?
What is when the Federal Reserve 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 the US?
What is December 2007 and ended in June 2009
500
The US experiences what type of cycle?
What is a peak to peak cycle?
500
The most recent trough occurrence as of 2016
What is June 2016?
500
What is the biggest factor that causes a depression?
What is consumer confidence
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