which of the following is a characteristic of prosperity in the peak phase of the business cycle?\no…
which of the following is a characteristic of prosperity in the peak phase of the business cycle?\no stagnant prices\no high levels of production\no ambivalence about the economy\no reduced incomes
Answer
Brief Explanations:
In the peak phase of the business cycle, the economy is booming. High - levels of production are common as businesses are operating at full capacity to meet high demand. Stagnant prices are not typical as demand is high and may drive prices up. Ambivalence about the economy is not characteristic as the economy is performing well. Reduced incomes are also not seen as employment is high and businesses are profitable.
Answer:
high levels of production