Which statements are true and which are false? The point at which the economy tu

Question

Which statements are true and which are false?

The point at which the economy turns from expansion to contraction is called a business cycle peak.

Its possible that the economic output associated with a nations most recent business cycle trough is higher than the economic output associated with an earlier business cycle peak.

Economic growth is typically steady and occurs without many short term fluctuations between expansion and contraction.

Unemployment is typically increasing in the time leading up to a peak.

The point at which an economy turns from contraction to expansion is called a business cycle depression.

Recessions are related to GDP and therefore are unrelated to business cycles.

Explanation / Answer

One is false, depression or trough

Two I am unsure but I believe it is false as it should be the opposite i.e. the past may actually be higher than the present because you dont know if youre in a recession until after it has begun

Three could be false or true as I could argue it either way but I would say true there

Four is false, its normally at its lowest

Five is false, peaking or expanding

Six is False

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