Multiple Choice
Which of the following statements is correct?
A) Monetary expansions precede business cycle peaks, and monetary contractions precede business cycle troughs.
B) Monetary expansions precede business cycle troughs, and monetary contractions precede business cycle peaks.
C) Monetary expansions precede both business cycle troughs and business cycle peaks.
D) There is no consistent relationship between monetary expansions and contractions, and the business cycle.
Correct Answer:
Verified
Correct Answer:
Verified
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