The economy is said to be overheated at the _ phase of business cycle.

Related MCQs

• Involuntary unemployment is almost zero in the phase of business cycle.
• There is large scale of involuntary unemployment in the phase of business cycle.
• Fall in the level of investments, fall in production, fall in employment, fall stock prices, etc. are found during phase of business cycle.
• When aggregate economic activity is increasing, the economy is said to be in:
• When aggregate economic activity is declining, the economy is said to be in:
• In business cycle, depression is followed by:
• A business cycle has:
• A business cycle is composed of ------phases:
• Peak is the --- turning point of the business cycle.
• The trough of a business cycle occurs when hits its lowest point.