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Author Question: Which of the following is observed in an economy during the contraction phase of the business cycle? ... (Read 69 times)

ishan

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  • Posts: 546
on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


ishan

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  • Posts: 546
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

lcapri7

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

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