Which of the Following Phases of a Business Cycle Generates

question 90

Multiple Choice

Which of the following phases of a business cycle generates cyclical deficit (a movement from a surplus to a deficit) as a by-product?

• A)Recession
• B)Trough
• C)Expansion
• D)Peak

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Definitions:

Family Income

The combined total income earned by all members of a household, which is used to determine the household's economic status.

Native American

Pertaining to the indigenous peoples of the United States, including American Indians and Alaska Natives.

Testosterone

a primary male sex hormone that plays key roles in the development of male reproductive tissues, as well as promoting secondary sexual characteristics such as increased muscle and bone mass.

Aggressive Behavior

Actions or conduct that can cause harm or intimidation to others, often a response to frustration or threat.