Which one of the following is most likely to be used by economists to identify the current phase of the business cycle?
The level of structural unemployment
The economy's long-term trend rate of growth
The rate of cyclical unemployment
The effective exchange rate index
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.