The turning points of the business cycle are
A) expansion and peak
B) peak and contraction
C) contraction and trough
D) peak and trough
Correct Answer:
Verified
Q9: The lowest level of economic activity is
Q10: During depression _ industry suffer from excess
Q11: The term business cycle refers to -
A)fluctuations
Q12: Expansion phase all but one of the
Q13: Which one of the following is not
Q15: refers to the top or the highest
Q16: Involuntary unemployment is almost zero in the
Q17: The economy is said to be overheated
Q18: Cost of living increases when business cycle
Q19: There is large scale of involuntary unemployment
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