The peak phase of the business cycle represents

Name: The peak phase of the business cycle represents
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Question

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The peak phase of the business cycle represents a temporary maximum output level of Gross Domestic Product (GDP). This is when the economy is operating at or near full capacity and there is high employment, high production, and high consumer spending. As the cycle moves into the recession phase, there will be a decrease in GDP and a slowdown in economic activity.

The Peak Phase of the Business Cycle Represents