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2.5.3 Trade (business) cycle

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Question 2

The diagram below illustrates the economic cycle (trade cycle) for an economy over time.

Economic Cycle Diagram

Which point on the diagram represents the stage of the economic cycle where the economy is operating with the largest negative output gap, typically associated with high cyclical unemployment and significant spare capacity?

Point PPP

Point QQQ

Point RRR

Point SSS

2.5.3 Trade (business) cycle Questions

  1. A Level
  2. /Economics
  3. /2.5.3 Trade (business) cycle