?

AP® Macroeconomics

Free Version

Upgrade subject to access all content

Easy

Characteristics of the Trough Phase

APMACR-Q1DRZE

Which of the following is the most characteristic of an economy in the recession phase of the business cycle?

A

Low unemployment.

B

Hyperinflation concerns.

C

Crowding-out.

D

Demand-pull inflation.

E

Decreasing price level.