Question Details

An economic expansion rather than a recession occurs 



1) An expansion ends when the economy
A) hits a trough and then enters a recession.
B) hits a peak and then enters a recession.
C) begins to grow following a peak.
D) has grown for two quarters in a row.

2) The times during which real GDP increases are referred to as
A) contractions.
B) expansions.
C) anti-cycles.
D) corrections.
3) Suppose the country of Dingo experienced an economic trough in January 2011. We can
conclude that
A) real GDP in Dingo was increasing in January 2011.
B) an expansion occurred after January 2011.
C) Dingo did not experience a recession in 2010.
D) Dingoʹs potential GDP fell in 2011.
4) An economy recovering from a recession
A) moves up from its trough to a period of expansion.
B) moves up from its peak to a period of expansion.
C) moves down from its trough to a period of depression.
D) moves down from its peak to a period of expansion.
5) An economic expansion rather than a recession occurs 
A) when the federal budget is balanced.
B) when the unemployment rate falls below 5 percent.
C) when growth in real GDP is positive.
D) when the unemployment rate is not changing.


Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help