A period of falling 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
Q131: When the actual unemployment rate is equal
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Q134: A period of rising real GDP is
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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
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
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