Which of the Following Observations Concerning Phases of a Business

question 110

Multiple Choice

Which of the following observations concerning phases of a business cycle is incorrect?

• A)​The maximum amount of unemployment occurs exactly at the trough.
• B)​The expansion phase is measured from the trough to the peak.
• C)​The trough is the point in time when output stops declining.
• D)​The contraction phase is also called recession.

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Definitions:

Hippocampus

A seahorse-shaped region of the brain involved in the formation of new memories and is associated with learning and emotions.

Corpus Callosum

The corpus callosum is a broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.

Hemisphere

Half of the earth, usually divided into northern and southern halves by the equator, or into western and eastern halves by an imaginary line passing through the poles.

Majority

A term referring to the greater part or number; in a group, the majority is more than half of its members.