A period of rising real GDP is the _____ of the business cycle.
A) peak
B) peak.
C) trough
D) trough.
E) expansion phase.
F) expansion phase
G) recession phase.
H) recession phase
Correct Answer:
Verified
Q129: Economists report that employment has fallen over
Q130: If potential output is higher than actual
Q131: When the actual unemployment rate is equal
Q132: When the output gap is _, the
Q133: Which statement is likely to be TRUE
Q135: When the output gap is negative, the
Q136: A period of falling real GDP is
Q137: If the economy is in a recession,
Q138: A recession does NOT imply:
A)a sustained economic
Q139: When an economy is between the peak
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