Miscellaneous Quiz / The Business Cycle

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Can you name the Parts Of The Business Cycle?

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indicator that moves ahead of the economy
type of unemployment where worker is temporarily between jobs, searching for a new one
factors within economy like monetary policy decision
indicator that moves behind general economic trends
Black Tuesday was the beginning of this long term recession
type of unemployment due to change in climate
if contraction continues for more than six months
cause of inflation where demand increases more than what the economy can produce
indicator that moves up and down along with the economy
when a contraction bottoms out
HintAnswer
cause of inflation where using input cost drives up prices
recession with rising prices
events outside of economy like innovations
periods of ups and downs un the level of economic activity
if periods of recession or expansion don't occur and econonmy follows a steady growth
GDP stops growing
unemployment where workers are out of a job because there skills are no longer suitable for or do not match the types of jobs available
used to monitor the business cycle
a type of unemployment where there is a layoff of workers due to downturn in the pace of the economy
when expansion follows a recession

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