Which of the following is NOT one of the stages of the normal business cycle identified by economists?

Name: Which of the following is NOT one of the stages of the normal business cycle identified by economists?
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Question

Quizplus · Accepted Answer

Inflation is not considered one of the stages of the normal business cycle, which include expansion, peak, contraction, and trough. Inflation is a sustained increase in the general price level of goods and services in an economy, and it can occur during any stage of the business cycle.

Which of the Following Is NOT One of the Stages