The ______________ phase is a period in which RGDP is rising. The peak period is a...

The ______________ phase is a period in which RGDP is rising. The peak period is a temporary ______________ of RGDP?

Expert Solution

The expansion phase is a period in which RGDP is rising. The expansion phase comes after trough, at which RGDP reaches the minimum. After trough, RGDP rises and economic growth occurs until the business cycle reaches peak. The peak period is a temporary maximum of RGDP. After reaching peak phase, Real GDP starts to decrease during contraction phase.

Rahul Sunny answered 2 years ago

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