20 Refer to the graph above. A complete business cycle is represented by: A) A t

Question

20 Refer to the graph above. A complete business cycle is represented by:

A) A to G
B) O to C
C) A to F
D) C to F
21. Refer to the graph above. A movement from points A to D represents a(n):
A) trough.
B) peak.
C) recession.
D) expansion
22. Refer to the graph above. A movement from points D to G represents a(n):
A) trough.
B) downturn.
C) recession.
D) expansion
Econ 202(03). Principles of Macroeconomics. Spring 2012
5
23. Refer to the graph above. A peak occurs when the economy:
A) moves from point C to point F.
B) reaches points E or D
C) reaches points C or F.
D) reaches points A or B.
24. Refer to the graph above. A recession occurs when the economy moves from point:
A) B to point E.
B) C to point F.
C) A to point D.
D) D to point G.

Explanation / Answer

D) C to F B) peak. B) downturn. B) reaches points E or D D) D to point G.

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