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Author Question: Which of the following is observed in an economy during the contraction phase of the business cycle? ... (Read 62 times)

ishan

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Which of the following is observed in an economy during the contraction phase of the business cycle?
 a. Nominal GDP begins to rise
  b. Real GDP remains constant
  c. Real GDP falls
  d. Productivity of resources increase
  e. Unemployment falls

Question 2

Which of the following signals the start of a new expansion?
 a. A boom period
  b. A peak
  c. An inflation
  d. A contraction
  e. A trough



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bubulittle310@msn.cn

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Answer to Question 1

c

Answer to Question 2

e




ishan

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Reply 2 on: Jun 30, 2018
Excellent


Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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