Which of the following are parts of the business cycles?
A) peak and potential GDP
B) real GDP and potential GDP
C) recession and expansion
D) inflation and recession

Name: Which of the following are parts of the business cycles? A) peak and potential GDP B) real GDP and potential GDP C) recession and expansion D) inflation and recession
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Question

Quizplus · Accepted Answer

Recession and expansion are phases of the business cycle, which describes the fluctuations in economic activity that an economy experiences over a period.

Which of the Following Are Parts of the Business Cycles