If the economy is at the peak of the business cycle,... - Solved MCQs & Answer

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If the economy is at the peak of the business cycle, aggregate demand unemployment inflation and the current account of the balance of payments is likely to move towards ____?

Ais static; low; rises; deficit

Bfalls; falls; falls; surplus

Crise; falls; rise; deficit

Dfalls; rises; falls; surplus

Correct answer

A. is static; low; rises; deficit

Explanation

The correct answer is is static; low; rises; deficit.

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If the economy is at the peak of the business cycle, aggregate demand ____ unemployment ________ inflation ________ and the current account of the balance of payments is likely to move towards ________?

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If the economy is at the peak of the business cycle, aggregate demand ____ unemployment ________ inflation ________ and the current account of the balance of payments is likely to move towards ________?

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If the economy is at the peak of the business cycle, aggregate demand unemployment inflation and the current account of the balance of payments is likely to move towards ____?

If the economy is at the peak of the business cycle, aggregate demand unemployment inflation and the current account of the balance of payments is likely to move towards ____?