he figure given below represents the business cycle of an economy.
Figure 7.1

-Refer to Figure 7.1. At point D, lagging economic indicators should show that:
A) real GDP is expanding.
B) real GDP falls to zero.
C) real GDP is contracting.
D) real GDP growth is zero.
E) real GDP growth will be positive over time.

Question

he figure given below represents the business cycle of an economy.
Figure 7.1
 
-Refer to Figure 7.1. At point D, lagging economic indicators should show that:
A) real GDP is expanding. 
B) real GDP falls to zero. 
C) real GDP is contracting. 
D) real GDP growth is zero. 
E) real GDP growth will be positive over time.

Quizplus · Accepted Answer

The Answer is C

He Figure Given Below Represents the Business Cycle of an Economy