The business cycle has two phases,
A) expansion and peak.
B) recession and trough.
C) peak and trough.
D) recession and expansion.
E) expansion and trough.
D
Economics
You might also like to view...
Which of the following produces a movement along the aggregate demand curve and does not shift the aggregate demand curve?
A) a change in government expenditures on goods and services B) a change in monetary policy C) a change in the price level D) a change in foreign incomes E) a change in expectations about the future
Economics
The GDP growth rate:
A. is measured as the percent change in real GDP from one time period to the next. B. is a measure to track changes in an economy over time. C. looks at changes in GDP across different time periods. D. All of these statements are true.
Economics