A Period of Expansion in the Business Cycle Ends When

question 14

Multiple Choice

A period of expansion in the business cycle ends when

• A)real GDP is equal to potential GDP.
• B)the business cycle reaches its peak.
• C)the business cycle reaches its trough.
• D)real GDP is less than potential GDP.

---

Definitions:

Adaptive

Refers to the ability of beings or systems to adjust to changes in their environment and modify themselves to fit or survive those changes.

Problem-focused

A coping strategy aimed at directly addressing or solving a stressful problem or challenge.

Emotion-focused

Coping strategies aimed at managing and working through the emotional response to a problem rather than addressing the problem itself.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge.