The point at which real output reaches a maximum during a business cycle is called the:
A) peak.
B) recession.
C) recovery.
D) trough.
Correct Answer:
Verified
Q2: Economists use the phrase "business cycle" when
Q4: How do we measure economic growth?
A) Increases
Q8: The period during which real output falls
Q9: Which of the following will most likely
Q14: Which of the following is true of
Q15: A phase in the business cycle in
Q20: As a general rule, a recession is
Q20: The phase of the business cycle that
Q26: A long and deep recession in the
Q40: Economists usually use the term "recession" to
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