An Insight into Business Cycles Is Gained by the Fact

question 1

Multiple Choice

An insight into business cycles is gained by the fact that

• A) at a peak, autonomous expenditure increases, thereby leading to a recession.
• B) at a trough, induced expenditure decreases, thereby leading to an expansion.
• C) at a peak, a decrease in autonomous expenditure leads to a decrease in induced expenditure.
• D) changes in real GDP result in changes in autonomous expenditures.
• E) autonomous expenditure does not change at either a peak or a trough.

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