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 _______?
Options:
Answer:
If the economy is at the peak of the business cycle, aggregate demand is static; low; rises; deficit unemployment is static; low; rises; deficit inflation is static; low; rises; deficit and the current account of the balance of payments is likely to move towards is static; low; rises; deficit.
