which of the following is a characteristic of prosperity in the peak phase of the business cycle?\nstagnant…
which of the following is a characteristic of prosperity in the peak phase of the business cycle?\nstagnant prices\nhigh levels of production\nambivalence about the economy\nreduced incomes
Answer
Brief Explanations:
In the peak phase of the business - cycle prosperity, economic activity is high. High levels of production are a sign of a booming economy at its peak. Stagnant prices are not typical as there is usually inflationary pressure. Ambivalence about the economy is not characteristic as confidence is usually high. Reduced incomes are the opposite of what occurs during prosperity.
Answer:
high levels of production