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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 303 times)

EY67

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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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Answer to Question 1

a

Answer to Question 2

c




EY67

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Reply 2 on: Jun 30, 2018
Gracias!


jojobee318

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Reply 3 on: Yesterday
Wow, this really help

 

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