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    Economics Today Study Set 1
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    Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation
  5. Question
    When Economy-Wide Business Fluctuations Are Negative, They Are Referred to as
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When Economy-Wide Business Fluctuations Are Negative, They Are Referred to as

Question 356

Question 356

Multiple Choice

When economy-wide business fluctuations are negative, they are referred to as


A) contractions/recessions.
B) booms.
C) expansions.
D) peaks.

Correct Answer:

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