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What Is a Recessionary Gap? - Definition & Graph Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What happens in an economic recession?

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1. Which of these happens during a peak period in the business cycle?

2. What is a recessionary gap?

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About This Quiz & Worksheet

The quiz and worksheet are designed to assess your understanding of a recessionary gap. You will be quizzed on what happens during these gaps.

Quiz & Worksheet Goals

In these assessments you will be tested on:

  • Peak period in a business cycle
  • Economic recessions
  • Recessionary gaps
  • Business cycle where production is the lowest and unemployment the highest

Skills Practiced

  • Information recall - retrieve the information you gained about the causes of a recessionary gap
  • Knowledge application - use your knowledge to answer questions about characteristics of an economic recession
  • Critical thinking - apply relevant concepts to examine information about business cycles in a different light

Additional Learning

Gain more knowledge about these gaps thanks to the lesson titled What Is a Recessionary Gap? - Definition & Graph. The lesson covers the following topics:

  • Examples of a business cycle
  • Reasons recessions occur
  • Benefits of using graphs in regards to GDP
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