The part of a business cycle that follows a trough is the
A) contractionary phase of the cycle.
B) breakeven point of the cycle.
C) peak period of the cycle.
D) recessionary phase of the cycle.
E) expansionary phase of the cycle.
Correct Answer:
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Q3: The four phases of a business cycle,
Q4: The period between a peak and a
Q5: Which of the following would be considered
Q6: A business cycle refers to
A) fluctuations in
Q7: Business cycles are
A) variations in the economy
Q9: The three types of indicators classified by
Q10: The longest period of increasing real GDP
Q11: Figure 11.1 Q12: A recession is defined by _ of Q13: Figure 11.1
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