Eco 561 Week 4 Quiz Free Essay Example
ECO 561 Week 4 Quiz
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** Important ** … ECO 561 Week 4 “FREE” Quiz w/ correct answers
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1. Business cycles occur when output
Hint: Business cycles fluctuate over time around the linear trend of gross domestic product (GDP).
A. falls below its potential B. rises above its potential C. is fixed at its potential [ D. fluctuates around its growth trend ]
The business cycle includes the tendency for output to rise and fall in the short term. When output fluctuates around an economy's secular trend, business cycles occur.
2. Which of these statements best describes a complete individual business cycle?
Hint : A complete business cycle is measured from the initial peak to the next peak.
[ A. Movement from peak to trough to peak ] B. Movement from recession to expansion C. Movement from peak to recession to trough D. Movement from trough to expansion then to peak
A business cycle is measured peak to peak or trough to trough.
3. During the business cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called
Hint : After a period of economic expansion, the economy usually contracts. This contraction would be characterized by higher unemployment and a declining GDP.
A. a peak B. a trough C. an expansion [D. a recession [
A downturn describes the phenomenon of economic activity starting to fall from a peak. If output contracts between the point at which output reaches a high and the point at which it reaches a low for more than two
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** Important ** … ECO 561 Week 4 “FREE” Quiz w/ correct answers
WELL , … ALMOST FREE …. The Cost - $ = “Thank you”
I see a lot of views , but no one comments ….. : (
PLEASE COMMENT here or to ROGUEPHOENIX ACEB**K , and LET ME KNOW THAT THIS IS HELPING MY FELLOW PHOENIX. If no comments are made …. I will stop posting.
-------------------------------------------------
1. Business cycles occur when output
Hint: Business cycles fluctuate over time around the linear trend of gross domestic product (GDP).
A. falls below its potential B. rises above its potential C. is fixed at its potential [ D. fluctuates around its growth trend ]
The business cycle includes the tendency for output to rise and fall in the short term. When output fluctuates around an economy's secular trend, business cycles occur.
2. Which of these statements best describes a complete individual business cycle?
Hint : A complete business cycle is measured from the initial peak to the next peak.
[ A. Movement from peak to trough to peak ] B. Movement from recession to expansion C. Movement from peak to recession to trough D. Movement from trough to expansion then to peak
A business cycle is measured peak to peak or trough to trough.
3. During the business cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called
Hint : After a period of economic expansion, the economy usually contracts. This contraction would be characterized by higher unemployment and a declining GDP.
A. a peak B. a trough C. an expansion [D. a recession [
A downturn describes the phenomenon of economic activity starting to fall from a peak. If output contracts between the point at which output reaches a high and the point at which it reaches a low for more than two