(Figure: The Business Cycle)
The movement from point B to point C is called a(n) :
A) trough
B) trough.
C) expansion
D) expansion.
E) depression
F) depression.
G) peak
H) peak.
Correct Answer:
Verified
Q139: When an economy is between the peak
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
Q142: Following a _, real GDP _.
A)trough; increases
B)trough;
Q143: The business cycle is:
A)the typical "life course"
Q144: (Figure: The Business Cycle) Q145: Recessions are periods when _. Q147: (Figure: The Business Cycle) Q148: Expansions are periods when _. Q149: The business cycle refers to the _.![]()
A)both output and![]()
A)both real GDP
A)long-run
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