Multiple Choice
Which of the following statements are NOT true?
A) Peaks in the business cycle tend to occur when the capacity-to-output gap is the largest.
B) Peaks in the business cycle tend to occur when the capacity-to-output gap is the smallest.
C) Troughs occur when the capacity-to-output gap is the largest.
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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