Miscellaneous Quiz / The Business Cycle

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Can you name the Parts Of The Business Cycle?

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when expansion follows a recession
type of unemployment where worker is temporarily between jobs, searching for a new one
when a contraction bottoms out
GDP stops growing
indicator that moves ahead of the economy
periods of ups and downs un the level of economic activity
Black Tuesday was the beginning of this long term recession
events outside of economy like innovations
factors within economy like monetary policy decision
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
indicator that moves behind general economic trends
indicator that moves up and down along with the economy
if periods of recession or expansion don't occur and econonmy follows a steady growth
if contraction continues for more than six months
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
type of unemployment due to change in climate
cause of inflation where using input cost drives up prices
recession with rising prices
cause of inflation where demand increases more than what the economy can produce

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