Business Cycles and Fluctuations
The passage discusses a business fluctuation influenced by
A recession is the period in which real GDP declines for two consecutive quarters.
A severe recession with high unemployment, acute shortages, and excess manufacturing capacity is known as
Business fluctuations are systematic increases and decreases in real GDP.
The index of leading indicators
C.)is used to predict changes in business cycles.
All of the following factors contribute to business cycles EXCEPT
A recession is the period in which real GDP increase over two consecutive quarters.
Which letter on the graph represents a recession in the business cycle?
The Roaring Twenties in the graph can be characterized as a period of economic
point in the business cycle when real GDP stops increasing