In general,during the business cycle,when economic activity is peaking:
A)interest rates begin to creep higher
B)unemployment levels are low
C)inflation begins to edge higher
D)all of the above
E)not enough information to tell

Question

Quizplus · Accepted Answer

During the peak of the business cycle, there is typically strong economic activity leading to higher interest rates, low unemployment, and an increase in inflation. Therefore, all of the given choices are likely to occur during this phase.

In General,during the Business Cycle,when Economic Activity Is Peaking