A business cycle is the period of time in which:
A) a business is established and ceases operations.
B) there are three phases, which are: peak, depression and recovery.
C) real GDP declines.
D) expansion and contraction of economic activity are alternated.
Correct Answer:
Verified
Q1: A phase in the business cycle in
Q3: Which of the following is a coincident
Q4: Retail sales data is an example of
Q7: Economic indicators (e.g. unemployment claims and the
Q7: The period during which real output falls
Q9: The point at which real output reaches
Q11: Which of the following is not a
Q13: Which of the following is a coincident
Q20: A recession is a decline in real
Q21: Suppose the index of leading economic indicators
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