Characteristics of a Business Cycle Peak
Which of the following describes the behavior of real GDP, prices, and unemployment at the peak of a business cycle?
A
Real GDP increases, prices fall, and unemployment is high.
B
Real GDP decreases, prices fall, and unemployment is low.
C
Real GDP increases, prices rise, and unemployment is low.
D
Real GDP increases, prices fall, and unemployment is low.
E
Real GDP decreases, prices rise, and unemployment is low.
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