Which of the following is associated with peaks in the business cycle?
A) relatively high levels of unemployment
B) recessions
C) relatively low levels of unemployment
D) depressions

Question

Quizplus · Accepted Answer

Relatively low levels of unemployment are associated with peaks in the business cycle, as this indicates a high level of economic activity and a tight labor market. A and D are associated with troughs in the business cycle, while B refers to a specific type of downturn within the cycle.

Which of the Following Is Associated with Peaks in the Business