Multiple Choice
During times of economic struggle, which of the following policies is most commonly used by governments to stimulate aggregate demand?
29
views
1. Introduction to Macroeconomics
Introduction to Economics
Struggling with Macroeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which term describes the period when an economy begins to shrink?
A
Peak
B
Recovery
C
Recession
D
Depression
Verified step by step guidance1
Understand the key phases of the business cycle: expansion, peak, contraction (or recession), trough, and recovery.
Identify that the 'peak' is the point where the economy reaches its highest level before starting to decline.
Recognize that the period when the economy begins to shrink after the peak is called the 'recession' phase.
Note that 'recovery' refers to the phase after the economy has bottomed out and starts growing again.
Distinguish 'depression' as a prolonged and severe recession, not just the initial shrinking period.
4:30mWatch next
Master Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Introduction to Economics practice set
Problem sets built by lead tutorsExpert video explanations