The phase of the business cycle when national income does not change very much is called the
A) peak.
B) upturn.
C) expansion.
D) recession.
Correct Answer:
Verified
Q15: Business cycles are highly irregular in practice
Q16: Output gaps vary from year to year,
Q17: During a boom, which of the following
Q18: An expansion or boom is the period
Q19: The magnitude of cyclical fluctuations resulting from
Q21: Which of the following is not a
Q22: Which of the following factors will not
Q23: The position of the AS curve is
Q24: Which of the following stylised facts about
Q25: The rate of economic growth is equal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents