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Author Question: The period of declining growth in real GDP, between the peak of the business cycle and the trough, ... (Read 577 times)

EY67

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on: Jun 30, 2018
The period of declining growth in real GDP, between the peak of the business cycle and the trough, is called the:
 a. contractionary phase.
  b. boom.
 c. expansionary phase.
  d. static phase.

Question 2

Economists use the term business cycle to refer to:
 a. the growth of small businesses into major corporations.
 b. qualitative changes in products resulting from improved technology.
  c. fluctuations in economic activity, measured by GDP or unemployment.
  d. periods of increase or decrease in the rate of inflation.


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firehawk60

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


EY67

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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