The _____ of a business cycle marks the end of a(n) _____.
A) peak; recession
B) peak; recession.
C) peak; expansion
D) peak; expansion.
E) trough; expansion
F) trough; expansion.
G) length; recession
H) length; recession.
Correct Answer:
Verified
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
Q140: One normally expects that unemployment decreases while
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 _. Q146: (Figure: The Business Cycle)
A)both output and
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