A peak is the
A) lower turning point of a business cycle when an expansion ends.
B) lower turning point of a business cycle when a recession ends.
C) upper turning point of a business cycle when an expansion ends.
D) upper turning point of a business cycle when a recession ends.
C
Economics
You might also like to view...
A probable outcome of a decrease in aggregate demand and the subsequent cutback in production is
a. frictional unemployment b. cyclical unemployment c. cost-push unemployment d. structural unemployment e. transitory unemployment
Economics
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Economics