| A | B |
|---|
| Business cycle | The rise and fall of economic activity over time. |
| During a depression, there is | high unemployment and low production of goods and services. |
| Economies go through | ups and downs |
| The recovery of the Great Depression was helped by | World War II |
| Recovery is marked by | people going back to work, more money to purchase goods and services, and increases in production |
| The U.S. economy is shaped by a mix of public and private forces | a mix of public and private forces. |
| The stock market crash on October 29, 1929, is known as | Black Tuesday |
| The Federal Reserve is a government agency that guides the economy by | regulating the amount of money in circulation, controlling the amount of money loaned, and controlling interest rates. |
| A rise in business activity after a recession or depression is called a ___________. | recovery |
| A deep recession that affects the entire economy and lasts for several years is called a | depression |
| Economic activity slows down during a | recession |
| __________ is a peak of economic activity. | prosperity |
