Econ 04.01 Ultimate Roller Coaster Quiz – Flashcards
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Which of the following describes a key difference between B and D?
answer
Unemployment rises in B but falls in D.
question
Which of the following most likely occurs during C?
answer
Low production and high unemployment
question
Which statement best explains the relationship between points A and B?
answer
Production reaches its highest point, and then the economy begins to contract.
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Which part of the cycle represents a period of contraction?
answer
B
question
Which point of the business cycle represents a peak?
answer
E
