The business cycle progresses from an expansion to a peak to a recession and then to a trough.
举一反三
- The four parts of the business cycle occur in the following order: A: recession, trough, peak, expansion. B: expansion, trough, peak, recession. C: recession, trough, expansion, peak. D: expansion, trough, recession, peak.
- If the economy is just coming out of a recession, which one of the following would represent a typical sequence of phases in the business cycle（） A: Expansion, business peak, contraction, recession. B: Expansion, business peak, recession, contraction. C: Depression, expansion, business peak, contraction.
- A peak is the________ A: lower turning point of a business cycle when an expansion ends. B: lower turning point of a business cycle when a recession ends. C: upper turning point of a business cycle when an expansion ends. D: upper turning point of a business cycle when a recession ends.
- Which business cycle theory suggests that an expansionary monetary or fiscal policy should be used to revive an economy from a recession? A: Monetarist theory. B: Keynesian theory. C: New classical theory.
- In the business cycle, which could be described as a period of high growth with high borrowing? A: Recession B: Slump C: Recovery D: Boom