Activity business cycle unit 1
Which of the following terms best describes an economy that is experiencing a severe prolonged recession
Depression
During which stage of business cycle is there positive and increasing economic output, jobs being created and general tendency for income to rise
Expansion
Inducement
Is anything offered or provided by brokerage to person Who is, or could be, party to real estate trait, with the intention of inducing, assisting, persuading or causing that person to enter into transaction.
Incentive
Is something that a brokerage office to the public to attract business to a brokerage
Which stage of business cycle is characterized by an economy producing its maximum amount of output with employment at its highest level and inflation rising
Peak
Which part of the business cycle is characterized by continual upswing in the economy low levels of unemployment high levels of consumers demand and an increasing levels of inflation
Prosperity
Which stage of business cycle immediately follows the trough
Recovery
Which of the following statements correctly describes a trough in a business cycle
Unemployment is at the highest. Production output is at it's lowest