The period of expansion ends with a ________ and the period of recession ends with a ________
A) business cycle peak; business cycle trough
B) business cycle trough; business cycle peak
C) business cycle peak; business cycle peak
D) business cycle trough; business cycle trough
Answer: A
Economics
You might also like to view...
Economic growth is supported by
A) the rule of law. B) competent and honest government officials. C) an educated populace. D) openness to international trade and investment. E) all of the above.
Economics
Which of the following statements is CORRECT?
I. The exchange rate is a price. II. The exchange rate is different from other prices because it is NOT determined by supply and demand. A) only I B) only II C) I and II D) neither I nor II
Economics