Podcast
Questions and Answers
During which phase of the business cycle is the economy growing, but at a decreasing rate?
During which phase of the business cycle is the economy growing, but at a decreasing rate?
What is the term for the recurring expansion and contraction of economic activity?
What is the term for the recurring expansion and contraction of economic activity?
Which of the following best describes the 'trough' phase of the business cycle?
Which of the following best describes the 'trough' phase of the business cycle?
What is the term for the sustained increase in the general price level of goods and services in an economy over a period of time?
What is the term for the sustained increase in the general price level of goods and services in an economy over a period of time?
Signup and view all the answers
