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Question 1039  gross domestic product, inflation, business cycle

In this business cycle graph shown in the RBA's article explaining recessions, how might 'output' on the y-axis be measured?

The ‘output’ y-axis amount in the business cycle chart can be measured by:



Question 1040  monetary policy, business cycle

When implementing monetary policy, do central banks attempt to or the swings in the business cycle?


Question 1041  monetary policy, business cycle

Recessions occur in the or phases of the business cycle?


Question 1042  monetary policy, business cycle

The central bank would be likely to implement contractionary monetary policy in the or phases of the business cycle?


Question 1043  fiscal policy, business cycle

The elected government would be likely to implement expansionary fiscal policy in the or phases of the business cycle?