-Refer to the above diagram.The phases of the business cycle from points A to D are,respectively:
A) peak,recession,expansion,trough.
B) trough,expansion,expansion,peak.
C) expansion,recession,trough,peak.
D) peak,recession,trough,expansion.
Correct Answer:
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Q1: The phase of the business cycle in
Q4: Q13: The phase of the business cycle where Q20: Which phase of the business cycle would Q24: A recession is a period in which: Q26: In which industry or sector of the Q28: Most economists believe that the immediate cause Q30: In which of the following industries or Q36: The labour force includes: Q37: The production of durable goods varies more
A)cost-push
A)employed workers and persons
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