The Business Cycle
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Last updated over 7 years ago
5 questions
Note from the author:
The Business Cycle B184 Business Ex
1
Economists recognize that the economy doesn't grow smoothly, but in regular patterns. They refer to this as:
Economists recognize that the economy doesn't grow smoothly, but in regular patterns. They refer to this as:
1
The business cycle has two phases and two turning points, as follows
The business cycle has two phases and two turning points, as follows
1
During a recession, economic output
During a recession, economic output
1
At the peak of a business cycle,
At the peak of a business cycle,
1
According to the chart below , what was the unemployment rate during the peak of the business cycle?
According to the chart below , what was the unemployment rate during the peak of the business cycle?