Homework answers / question archive / Which of the following observations concerning phases of a business cycle (or economic fluctuation) is incorrect? A) Maximum amount of unemployment occurs exactly at the trough

Which of the following observations concerning phases of a business cycle (or economic fluctuation) is incorrect? A) Maximum amount of unemployment occurs exactly at the trough

Business

Share With

Which of the following observations concerning phases of a business cycle (or economic fluctuation) is incorrect?

A) Maximum amount of unemployment occurs exactly at the trough.

B) Expansion phase is measured from the trough to the peak.

C) Trough is the point in time when output stops declining.

D) The contraction phase is also called recession.