LucassaMald LucassaMald

24-01-2017
Social Studies

Answered

The preferred phase of the economic cycle is

Aexpansion.
Bpeak.
Ctrough.

d.contraction.

Verified Answer :

MissPhiladelphia MissPhiladelphia

03-02-2017

I think the correct answer from the choices listed above is option B. The preferred phase of the economic cycle is peak. It is realized when the economy is producing at its maximum allowable output, employment is at or above full employment, and inflationary pressures on prices are evident. Hope this answers the question.

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