The phase in the business cycle in which real GDP declines is called a: a. trendline. b. peak. c. ...

Author Question: The phase in the business cycle in which real GDP declines is called a: a. trendline. b. peak. c. ... (Read 46 times)

jasdeep_brar

Hero Member
Posts: 569

on: Jun 30, 2018

The phase in the business cycle in which real GDP declines is called a:
a. trendline.
b. peak.
c. recession.
d. recovery.
e. trough.

Question 2

The concurrent problems of inflation and unemployment are termed:
a. depression.
b. downturn.
c. deflation.
d. demand-pull inflation.
e. stagflation.

laurnthompson

Sr. Member
Posts: 334

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

e

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