0
RECOVERY: A early expansionary phase of the business cycle shortly after a contraction has ended, but before a full-blown expansion begins. During a recovery, the unemployment rate remains relatively high, but it is beginning to fall.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThe upward movement in economic activity is referred to as the expansion phase and the downward movement as the contraction phase of the cycle.
Add your answer:
Earn +20 pts
What phase of business cycle is Canada in?
expansion
What is self-generating theory in business cycle?
One phase of business cylce grows out of the preceding phase.
Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
expansion phase
What are the turning points of the business cycle called?
The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
A recession occurs during the expansion phase of a business cycle?
false
How can a government try to minimize business cycles?
Governments try to control this cycle to prevent crashes from happening in the economy. They can do this by promoting the growth of businesses during the expansionary phase of the cycle.
What phase in business cycle is south Africa?
Recession phase
What phase of business cycle is Canada in?
expansion
What is self-generating theory in business cycle?
One phase of business cylce grows out of the preceding phase.
What phase of business cycle is Malaysia in now?
in recession
What are the characteristics of a recovery phase of a business cycle?
The GDP will grow.
Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
expansion phase
What are the turning points of the business cycle called?
The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
A recession occurs during the expansion phase of a business cycle?
false
In what phase of the business cycle would there be more personal bankruptcies?
depression
A shortage of a natural resource can lead to which phase in the business cycle?
recession
The phase of the business cycle in which real GDP declines is called?
recession
