Question

What phase of the business cycle is

the economy experiencin during
Year B?
Economic Indicators
Gross Domestic Product (GDP)
Price Level
Unemployment Rate
Year A
10%
14%
2%
Year B
- 1.75%
0.50%
9%
Peak
Rut
Contraction, too slow
Expansion, too fast

Answer 1

Step-by-step explanation:

What phase of the business cycle is

the economy experiencin during

Year B?

Economic Indicators

Gross Domestic Product (GDP)

Price Level

Unemployment Rate

Year A

10%

14%

2%

Year B

- 1.75%

0.50%

9%

Peak

Rut

Contraction, too slow

Expansion, too fast