Author Question: The ____ phase of the business cycle follows a recession. a. recovery b. recession c. peak d. ... (Read 43 times)

penguins · **on:** Jun 30, 2018

The ____ phase of the business cycle follows a recession.
a. recovery
b. recession
c. peak
d. trough

Question 2

An increase in aggregate supply will cause the price level to:
a. rise and GDP to rise
b. rise and GDP to fall.
c. rise and the unemployment rate to fall.
d. fall and GDP to rise.
e. fall and the unemployment rate to rise.