which of the following is a characteristic of prosperity in the peak phase of the business cycle?\n○…

which of the following is a characteristic of prosperity in the peak phase of the business cycle?\n○ stagnant prices\n○ high levels of production\n○ ambivalence about the economy\n○ reduced incomes

which of the following is a characteristic of prosperity in the peak phase of the business cycle?\n○ stagnant prices\n○ high levels of production\n○ ambivalence about the economy\n○ reduced incomes

Answer

Brief Explanations:

In the peak phase of the business - cycle, the economy is at its highest level of activity. High levels of production are a sign of prosperity during this phase. Stagnant prices are not typical as there is usually upward pressure on prices due to high demand. Ambivalence about the economy is not characteristic as the economy is booming. Reduced incomes are also not seen as employment is high and businesses are doing well.

Answer:

high levels of production