What does it mean to say that the economy is in a contractionary phase of the business cycle?
A)That Real GDP is declining.
B)That the rate of growth of Real GDP is falling.
C)That Real GDP is increasing
D)That the rate of growth of Real GDP is positive.
E)That inflation is declining.

Question

Quizplus · Accepted Answer

The Answer of What does it mean to say that the economy is in a contractionary phase of the business cycle?
A)That Real GDP is declining.
B)That the rate of growth of Real GDP is falling.
C)That Real GDP is increasing
D)That the rate of growth of Real GDP is positive.
E)That inflation is declining.

What Does It Mean to Say That the Economy Is