Question 1
What would be the BEST name for the area marked with the number 1?
Responses
A ContractionContraction
B RecoveryRecovery
C DepressionDepression
D Trough

Based on the correct answer from the previous question, which of these would you expect to find in an economy in that phase of the business cycle?
Responses
An expansion of credit by banks expansion of credit by banks
B government policies restricting fiscal growth government policies restricting fiscal growth
C a monetary stimulus by the government monetary stimulus by the government
D slow growth in the overall national economy slow growth in the overall national economy