... Type: Ordering Question: Put the phases of the business cycle in the correct
order in which they follow a boom. Correct Answer: 1. Recession 2. Depression 3
Jun 18, 2011 ... Depression Phase : Contraction or Downswing of economy. ... The four phases of
business cycles are shown in the following diagram :-.
Such changes represent different phases of business cycles. ... There are
basically two important phases in a business cycle that are prosperity and
depression. The other phases that are expansion, peak, trough and recovery are
intermediary ... in the demand of products and they continue to produce goods
The following points highlight the four main phases of a trade/business cycle. ... A
slump or depression shows itself first in a substantial decline in general output
and employment. ... They, in turn, follow the policy of credit contraction. ...
Financial institutions including banks cannot expand credit beyond a limit put by
The term business cycle refers to economy-wide fluctuations in production, trade,
and general economic activity. ... The phases of a business cycle follow a wave-
like pattern over time with ... Which one of these statements is NOT correct?
A business cycle is defined by four distinct phases of fluctuation in economic
indicators like ... To put it simply, the business cycle is defined as the real
fluctuations in ... same, they can be identified as a sequence of four phases that
were classified and ... Along the same vein, a deep trough is called a slump or a
Contraction (Recession, Depression): Economic growth slows or the economy
actually shrinks; sales ... Memorize the order of the phases of the Business Cycle.
Jan 2, 2017 ... The business cycle is the 4 stages of expansion and contraction in an economy.
Here's what GDP, unemployment, and inflation are in each phase. ... They are
expansion, peak, contraction, and trough. ... many factors cause an economy to
either spin out of control or settle into depression. ... Follow Us.
These are the well known phases of the business cycle such as recession,
depression, recovery, and expansion. ... Economists define the cycle in terms of
economic output, which they ... Sometimes, in order to define the term more
formally, a depression is said to begin .... Follow Solution Matrix Ltd on Twitter @
The Business Cycle, Aggregate Demand and Aggregate Supply ... As we will
discuss in Unit 9, until the Great Depression of the 1930s, .... The closest that
economic policymakers come to nirvana is during the expansionary phase. ...
and as auto manufacturers increase their output they order more steel used in