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Author Question: The period of growth in real GDP between the trough of the business cycle and the next peak is ... (Read 156 times)

anjilletteb

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on: Jun 30, 2018
The period of growth in real GDP between the trough of the business cycle and the next peak is called the:
 a. recessionary phase.
  b. recovery phase.
  c. contractionary phase.
  d. cyclical phase.

Question 2

Which of the following will most likely cause an increase in the aggregate supply curve?
 a. a reduction in the general level of prices
  b. an increase in the general level of prices
  c. an improvement in technology that substantially reduces the cost of generating energy
  d. an increase in taxes that makes it more expensive for Americans to import crude oil


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kiamars2010

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

b

Answer to Question 2

c


anjilletteb

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Reply #2 on: Jun 30, 2018
Thank you


kiamars2010

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Reply #3 on: Jun 30, 2018
No problemo


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