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