Business Cycles

Economics- Phase (I & II)

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Cost of living increases when business cycle is _____

expanding

contracting

at peak

at lowest point

Explanation:

A peak is the highest point between the end of an economic expansion and the start of a contraction in a business cycle. The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, begin to fall.

By: honey kaundal

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