In a business cycle, what are the features of stages of expansion? a) Rise in national output, Rise in consumer expenditure, Bank advances grow rapidly. b) Rise in national output, Rise in capital expenditure, Bank advances grow rapidly. c) Rise in national output, Rise in consumer and capital expenditure, Bank advances grow slowly. d) Rise in national output, Rise in consumer and capital expenditure, Bank advances grow rapidly.
In a business cycle, what are the features of stages of expansion? a) Rise in national output, Rise in consumer expenditure, Bank advances grow rapidly. b) Rise in national output, Rise in capital expenditure, Bank advances grow rapidly. c) Rise in national output, Rise in consumer and capital expenditure, Bank advances grow slowly. d) Rise in national output, Rise in consumer and capital expenditure, Bank advances grow rapidly.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 11QP
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