A Business Cycle Peak Is a

question 33

Multiple Choice

A business cycle peak is a

• A)minimum deviation from trend in real GDP.
• B)relatively large negative deviation from trend in real GDP.
• C)relatively large positive deviation from trend in real GDP.
• D)small negative deviation from trend in real GDP.
• E)small positive deviation from trend in real GDP.

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Reconciliation Of Profit

The process of adjusting the profit or loss figures from one accounting period to another to take into account differences caused by transactions, accounting methods, or errors.

Exchange Rates

The rate at which one currency can be exchanged for another, often used in the conversion of financial statements of companies that operate in multiple countries.

Consolidated Statement

A financial statement that aggregates the financial position and operating results of a parent company and its subsidiaries.