Which of the following statements are NOT true? A) Peaks in the busin
Which of the following statements are NOT true?
A) Peaks in the business cycle tend to occur when the capacity-to-output gap is the largest.
B) Peaks in the business cycle tend to occur when the capacity-to-output gap is the smallest.
C) Troughs occur when the capacity-to-output gap is the largest.
D) None of the above.
ANSWER
A
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