Question #48105

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:

A) rise; falls; rise; deficit

B) falls; rises; falls; surplus

C) falls; falls; falls; surplus

D) is static; low; rises; deficit

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.

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Question #48105

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 ___?

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Question #48105

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:

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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 ___?