The business cycle

Match each stage of the business cycle to its definition.

Select a term, then select its match.

Choose the matching meaning for each term.

• BoomChoose a meaning…Real GDP falls for two consecutive quartersThe high point, where GDP is growing quicklyGrowth begins to increase again after a recessionThe rate of economic growth is falling
• DownturnChoose a meaning…Real GDP falls for two consecutive quartersThe high point, where GDP is growing quicklyGrowth begins to increase again after a recessionThe rate of economic growth is falling
• RecessionChoose a meaning…Real GDP falls for two consecutive quartersThe high point, where GDP is growing quicklyGrowth begins to increase again after a recessionThe rate of economic growth is falling
• RecoveryChoose a meaning…Real GDP falls for two consecutive quartersThe high point, where GDP is growing quicklyGrowth begins to increase again after a recessionThe rate of economic growth is falling