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.

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Definitions:

Continuous

Without interruption or cessation; ongoing, constant, or uninterrupted in time or sequence.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, involving patterns of thought, feelings, and behaviors.

Sigmund Freud

An Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Social Psychologist

A scientist who studies how individuals think, influence, and relate to each other within a social context.