Which of the following observations concerning phases of a business cycle is incorrect?
a. The maximum amount of unemployment occurs exactly at the trough.
b. The expansion phase is measured from the trough to the peak
c. The trough is the point in time when output stops declining.
d. The contraction phase is also called recession.
a
Economics
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State how each of the following affect the aggregate demand curve
a. The price level increases. b. Consumers expect higher inflation in the future. c. The exchange rate rises. d. Foreign income decreases.
Economics
The average unemployment rate was lowest during what period?
A) 1980-1990 B) 1950-1970 C) 2000-2010 D) 1980-2000
Economics