The business cycle
A) tends to be regular in length and amplitude.
B) has little or no impact on the price level.
C) is in the recession phase when national output is rising to its potential level.
D) has higher rates of unemployment at the trough than at the peak.
E) has been a rare phenomenon since World War II.

Question

Quizplus · Accepted Answer

The business cycle typically has higher rates of unemployment at the trough (lowest point) than at the peak (highest point).

The Business Cycle