Please answer all of the questions and i will awardpoints on correctness and how

Question

Please answer all of the questions and i will awardpoints on correctness and how they match up.

1) The 'business cycle' refers to:

2) Capacity Utilization refers to:

3) Excess capacity in the economy implies thatthe aggregate supply curve will be:

4) When full employment is reached theaggregate supply curve will become:

5) Which of the following combination ofleading economic indicators would indicate a recession:

6) Which of the following is correct regardinga recession:

7) Aggregate demand is:

8) When aggregate demand growth exceeds thegrowth rate of aggregate supply:

9) A recession is best described by:

10) An economic recovery (non-inflationarygrowth) economy is best described by:

11) During the business cycle, we can expectsupply side economic growth:

12) Holding everything else constant, if incometax rates decrease:

Explanation / Answer

1) The 'business cycle' refers to:

2) Capacity Utilization refers to:

3) Excess capacity in the economy implies thatthe aggregate supply curve will be:

4) When full employment is reached theaggregate supply curve will become:

5) Which of the following combination ofleading economic indicators would indicate a recession:

6) Which of the following is correct regardinga recession:

7) Aggregate demand is:

8) When aggregate demand growth exceeds thegrowth rate of aggregate supply:

9) A recession is best described by:

10) An economic recovery (non-inflationarygrowth) economy is best described by:

11) During the business cycle, we can expectsupply side economic growth:

12) Holding everything else constant, if incometax rates decrease:

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