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What is self-generating theory in business cycle?
One phase of business cylce grows out of the preceding phase.
Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
expansion phase
What are the turning points of the business cycle called?
The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
The phase of the business cycle in which real GDP declines is called?
recession
During the 1920s the us economy was in what phase of the business cycle?
expansion
Related Questions
What phase in business cycle is south Africa?
Recession phase
What is self-generating theory in business cycle?
One phase of business cylce grows out of the preceding phase.
What phase of business cycle is Malaysia in now?
in recession
What business cycle is Canada in?
expansion
What are the characteristics of a recovery phase of a business cycle?
The GDP will grow.
Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
expansion phase
What are the turning points of the business cycle called?
The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
In what phase of the business cycle would there be more personal bankruptcies?
depression
The phase of the business cycle in which real GDP declines is called?
recession
During the 1920s the us economy was in what phase of the business cycle?
expansion
A shortage of a natural resource can lead to which phase in the business cycle?
recession
A recession occurs during the expansion phase of a business cycle?
false
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