Answers SEPHS - SOC240 - Economics Fall The Business CycleQuestion 3

3

QuizMultiple Choice

The Business Cycle

Question 3 • SEPHS - SOC240 - Economics (Fall)

Which of the following is a characteristic of prosperity in the peak phase of the business cycle?

Answer

s

stagnant prices

h

high levels of production

a

ambivalence about the economy

r

reduced incomes