Multiple Choice
What is the correct ascending order of the following periods typically associated with the business cycle or trade cycle?
A) Upturn, diversification, peaking out, recession
B) Formation, ascension, peaking out, recession
C) Upturn, rapid expansion, peaking out, recession
D) Upturn, rapid expansion, recession, peaking out
Correct Answer:
Verified
Correct Answer:
Verified
Q140: When income rises, imports tend to<br>A) fall.<br>B)
Q141: Which one of the following does not
Q142: Inflation caused by a cut in income
Q143: If the rate of change in output
Q144: Profits earned in the UK by foreign-
Q146: If the price index in period 3
Q147: What is the underground/hidden economy? What factors
Q148: A rise in the capital stock will
Q149: The formula for calculating GDP from the
Q150: If real GDP is growing more slowly