Ch 3 Bussiness Cycle Flashcards
(8 cards)
0
Q
A business cycle peak is a
A
Relatively large deviation from trend in real GDP
1
Q
The defining feature of the business cycle is that they
A
Are fluctuations about trend in real GDP
2
Q
A business cycle through
A
A relatively large negative deviation from trend in real GDP
3
Q
Turning point
A
A peak or a through
4
Q
Frequency of the business cycle
A
How long a cycle last
5
Q
Recent us business cycle features
A
Choppy
No regularity to frequency or amplitude
6
Q
Before 2000 the three most recent us recessions occurred in
A
1973-1975 1979-1982, 1990-1991
7
Q
Predicting business cycles is difficult because
A
Their frequency is irregular
